Small business owners benefit from lower electricity prices as a result.
Iowa small business owners won a huge victory this week, when Environmental Protection Agency Administrator Scott Pruitt filed a proposal to repeal the Obama-era Clean Power Plan, which required that states use energy sources other than coal to reduce carbon emissions.
But it remains unclear whether that will stop the state’s march to pursuing renewable energy, reported the Des Moines Register.
“Iowa didn’t need permission from the federal government when it was the first state to establish a renewable portfolio standard in 1983, and we aren’t going to wait for the federal government to act when determining our actions today,” Brenna Smith, a spokeswoman for Gov. Kim Reynolds, said in a statement to the newspaper.
The 2015 Clean Power Plan aimed to reduce power sector emissions by 32 percent under 2005 levels by 2030, according to Politico. NFIB, along with 24 states and other industry groups, challenged the regulation in a lawsuit and asked that a federal court issue an injunction. The Supreme Court temporarily stopped the regulation last year by issuing a stay while courts considered the case.
“We are grateful to President Trump and EPA Administrator Scott Pruitt for initiating this process,” said NFIB President and CEO Juanita Duggan. “The Clean Power Plan is an example of regulatory overreach, and it would be a massive drain on the small business economy.”