U.S. Clean Power Plan Provides Opportunity for Significant Cuts in Budget Deficits: Local Government Webinar Series on Climate Change

January 13, 2015

Presented by Don Fullerton [Public Finance and Environmental Policy, Institute for Government and Public Affairs at University of Illinois]

The U.S. Clean Power Plan requires each state to develop its own plan to reduce carbon dioxide emission by an average of 30 percent from 2005 levels, starting in 2020 and hitting that target by 2030. If a state chooses to comply with the federal mandate by selling permits in a cap-and-trade policy, it can turn this process into a revenue generator as well as an environment saver.