(Financial Times) The Obama administration will on Monday unveil the most far-reaching action on climate change in US history by imposing stringent emissions cuts on the power sector, a move that faces ferocious opposition from political rivals and industry.
Giving weight to charges from coal companies and Republicans that it is waging a "war on coal", the Obama administration will demand bigger cuts in greenhouse gas emissions than it proposed last year, likely leading to the closure of more coal-fired power plants and boosting wind and solar power.
The targets are central to President Barack Obama's goal of leaving a legacy on climate change. "There are few issues that are more important to the president, who sees acting on climate as a moral, economic and national security obligation," said a senior administration official.
Advertisement - story continues below
The initiative, known as the Clean Power Plan, is the key to economywide pledges on emissions cuts that the US has made ahead of a crucial meeting in Paris in December, where world leaders will seek to strike a new international climate accord.