National Grid issued a statement today supporting the EPA's proposed regulations aimed at reducing carbon dioxide emissions from existing power plants. The regulations provide flexibility in compliance with the CO2 reductions, through energy efficiency, natural gas, renewable energy and other energy management options. Additionally, the proposed rule credits ongoing efforts to reduce carbon emissions through market-based mechanisms like the successful Regional Greenhouse Gas Initiative.
"I am strongly encouraged by EPA's efforts to reduce CO2 emissions through sensible and practical regulation," said National Grid US president Tom King. "The Obama administration, through the good work of EPA Administrator Gina McCarthy and her staff, has worked in a transparent manner to craft regulation that promotes environmental and human health through a host of clean energy options. Rather than picking winners, this proposed rule supports market-based solutions."
King said National Grid has long supported federal legislation as a comprehensive means to reduce greenhouse gas emissions. "However, we support EPA moving forward with this effort in the absence of federal legislation," he said. "We look forward to working with the administration, EPA, members of the energy industry, and other stakeholders to ensure the regulations reduce greenhouse gas emissions from the energy sector and advance America's efficient and clean energy future."
National Grid has long supported efforts to reduced greenhouse gas emissions from its footprint, and has established reduction goals of 45 percent by 2020, and 80 percent by 2050, from year 1990 baseline levels. Due in large part to investments in electricity generation operations, natural gas and electricity distribution networks, National Grid's total emissions in the U.S. have decreased by 65 percent from 1990 to 2013.