R44607 – EPA’s Clean Energy Incentive Program: Background and Legal Developments – 8/29/2016

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EPA’s Clean Energy Incentive Program: Background and Legal Developments

Description

Author: Jonathan L. Ramseur, Specialist in Environmental Policy
Pages: 14

The U.S. Environmental Protection Agency (EPA) established the Clean Energy Incentive Program (CEIP) as a voluntary complement to its regulatory program known as the Clean Power Plan (CPP).1 The CEIP is intended to promote early reductions of carbon dioxide (CO2) emissions before the CPP is scheduled to take effect in 2022. The goal of the CPP is to reduce CO2 emissions from existing fossil-fuel-fired electric power plants, which produced 30% of all U.S. greenhouse gas emissions in 2014.2 Economic modeling indicates that the CPP would significantly reduce future CO2 emission levels from U.S. electricity generation.3 The CEIP would support this objective by supporting renewable energy electricity generation and energy efficiency activities through early action incentives.