In a new study, Bloomberg analysts predict that the Environmental Protection Agency will continue to play the leading role in shaping U.S. energy policy over the next several years. The study expects the EPA to complete a number of regulatory initiatives started during President Obama’s first term, such as limiting the greenhouse gas emissions of existing power plants. Action by Congress to enact comprehensive energy legislation is seen as unlikely in the near term.
Hydro Tasmania is studying a plan to build a $2 billion wind farm to provide power to the national market. The project would produce 2,400 gigawatt hours of energy, more than five percent of Australia’s goal of 41,000 gigawatt hours. Australia has set a target of getting 20 percent of its electricity from renewable energy sources by the end of the decade.
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