By Umair Irfan

The Environmental Protection Agency is rolling back one of the biggest, most impactful environmental regulations of the Obama era, giving a boost to America’s big three automakers while undercutting a smaller manufacturer with a cult following.

EPA officials announced Monday afternoon that they intend to weaken greenhouse gas and fuel economy standards for cars and trucks as a favor to automakers. “[I]n light of recent data, the current standards are not appropriate and should be revised,” the agency said in a statement.

The current rules were designed to limit carbon emissions and pollution from transportation, which has overtaken the power sector to become America’s biggest climate problem and remains the largest source of air pollution. The standards would avert 570 million metric tons of greenhouse gas emissions by 2030, equivalent to stopping 140 typical coal-fired power plants for a year, the Union of Concerned Scientists has estimated.

They’d save consumers money too. According to Margo Oge, former head of the EPA’s Office of Transportation and Air Quality, the fuel savings alone through 2025 would add up to $1.7 trillion.

Continue reading at Vox…

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Areas of Focus: Energy Markets
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Energy Markets
Well-functioning markets are essential for providing access to reliable, affordable energy. EPIC research is uncovering the policies, prices and information needed to help energy markets work efficiently.
Transportation
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Transportation
Mobility is central to economic activity. Yet, a lack of fuel diversity and continued demand growth have made the transportation industry a major contributor to global pollution and carbon emissions....
Climate Change
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Climate Change
Climate change is an urgent global challenge. EPIC research is helping to assess its impacts, quantify its costs, and identify an efficient set of policies to reduce emissions and adapt...
Climate Law & Policy
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Climate Law & Policy
As countries around the world implement policies to confront climate change, EPIC research is calculating which policies will have the most impact for the least cost.