US EPA poised to repeal carbon standards for gas and coal power plants

Bloomberg News reports that the US Environmental Protection Agency is preparing to repeal carbon emission standards for existing gas and coal fired power plants. This would reverse a key climate regulation aimed at cutting greenhouse gases from the power sector, which is one of the largest sources of US emissions. The move could have major implications for grid decarbonization efforts and the pace of renewable energy deployment. The repeal would remove federal limits on carbon dioxide from these plants, potentially extending the life of coal and gas assets and slowing the shift to cleaner generation. It also signals a shift in federal climate policy that may affect state level programs, carbon market participants, and utilities planning long term investments. The exact timeline and scope of the repeal are still unclear, but the direction is consistent with the current administration's push to roll back environmental regulations.