And while it will take a few years to fully implement these reforms, there are numerous protections and benefits that would start to take effect this year.
While the benefits of the Rule potentially represent a huge step forward for regulators, their effect will not be seen for several years as regulators devise andimplement the consolidated audit trail.
The U.S. federal government should implement policies that create market incentives to develop and deploy new energy technologies, including policies that have the effect of creating a substantial price on carbon emissions, and sector-specific policies to overcome other market failures.