The collapse of a controversial plan to prod utilities to rapidly decarbonize has scrambled the Biden administration’s blueprint for slashing power sector emissions.
The White House on Monday released its long-term strategy for reaching economy-wide net zero emissions by 2050, but the Clean Electricity Performance Program (CEPP) was conspicuously absent.
A centerpiece of Biden’s climate plans, the CEPP, would have penalized utilities that lagged in adding renewable power sources while doling out incentives to power companies that exceeded a predetermined standard.
