EPA claims replacement for Obama coal rule would save $400 million annually, reduce carbon pollution

The Trump administration officially rolled out its replacement for the Clean Power Plan, former President Barack Obama’s signature initiative to combat climate change, with claims that the revision would save money while also slightly reducing carbon dioxide pollution.

The Environmental Protection Agency on Tuesday morning released its plan, renamed the “Affordable Clean Energy Rule,” that the agency said would provide $400 million in annual benefits, while reducing carbon emission levels by up to 1.5 percent by 2030. President Trump is expected to tout the new rule at a rally in coal-friendly West Virginia Tuesday night.