Obama Announces First Coal Carbon Limits


Piles of coal at Suntong Mine of Huaibei Coal Mining Group on April 12, 2012 in Huaibei, Anhui Province of China. China's economy in the first quarter of 2012 slowed to 8.1 percent from 8.9 percent in the fourth quarter of last year, according to the National Bureau of Statistics (NBS) on Friday.

See ya, carbon. On Friday, the Obama administration is set to announce the first-ever carbon limits on new coal-fired power plants, which have been blamed for global warming and pollution. The carbon dioxide would be caught in expensive technology and buried underground, and would be an incentive to focus on cleaner energy sources. Plants already in operation won’t be affected yet, but likely would be in the future, as they produce a third of the country’s greenhouse-gas emissions. The regulations will be proposed by the Environmental Protection Agency by next summer.