Focus expected to be on the "dot plot" for any clues to number, timing of any cuts this yearWASHINGTON — The Biden administration this week is expected to announce new automobile emissions standards that relax proposed limits for three years but eventually reach the same strict standards proposed by the Environmental Protection Agency.
The Supreme Court, with a 6-3 conservative majority, has increasingly reined in the powers of federal agencies, including the EPA, in recent years. The justices have restricted the EPA’s authority to fight air and water pollution — including aand is seeking to slash carbon dioxide emissions from gasoline-powered vehicles, which make up the largest single source of U.S. greenhouse gas emissions.
“Based on what we hear, there’s no reason to doubt that the climate rules for cars and light-duty trucks are going to cut well over 90% of the carbon pollution from new cars, SUVs and pickup trucks’’ over the next few decades, Bapna said. “That’s huge.″ Luke Tonachel, an automobile expert with the Natural Resources Defense Council, said the new clean-car standards will encourage the auto industry to “continue investing, as it’s already starting to do, over the long-term period″ in EV and zero-emission vehicles. The rule also will send a signal to infrastructure providers and utilities to keep building out the charging infrastructure,’’ he said.
But EPA Administrator Michael Regan has said the new rule is a performance standard that leaves it to industry to come up with solutions. The EPA's preferred standards take carbon dioxide emissions from 152 grams per mile in 2026 to 73 in 2032, a 52% reduction. The limits would reach 99 grams per mile by 2029.
LOS ANGELES, March 19, 2024--LuskinOIC Partners with the Center for Cerebral Palsy at UCLA to Host Annual Cerebral Palsy Professional Conference and Family Forum on March 23European Central Bank policymaker Martins Kazaks said on Tuesday he was "comfortable" with investor bets on three interest rate cuts by the central bank by the end of the year.