Barack Obama’s Climate Plan Makes for Canny Politics

President Barack Obama announced a Clean Power Plan for the United States – reducing carbon emissions by 32 percent from 2005 levels by 2030 and increasing reliance on renewable energy; solar power is expected to expand by 700 percent with reduced costs. “Coal-fired power plants will be closed and, with export potential limited, dozens of US coal mines will close as well,” writes Nick Butler for the Financial Times. “The number is ambitious but the pace of technical progress means growth could be achieved without a big increase in subsidies or consumer prices.” The announcement’s timing encourages debate before the December climate conference in Paris and the 2016 US presidential election Butler suggests that Obama is dividing Republican opposition, forcing them to respond. Polls suggest US voters, like others around the globe, regard climate change as a problem. – YaleGlobal

Barack Obama’s Climate Plan Makes for Canny Politics

Obama’s climate change initiative, reducing coal and increasing solar power, will define the direction of US energy policy
Nick Butler
Wednesday, August 5, 2015

Read the article from Financial Times. 

Read President Obama’s action plan on climate change – “not a problem for another generation.”

The writer is a visiting professor at King’s College London and a former BP group vice-president for strategy.

Copyright The Financial Times Limited 2015.