Photo: Saul Loeb/AFP/Getty Images

The Environmental Protection Agency issued a final rule Wednesday replacing former President Obama's signature Clean Power Plan (CPP) with a far more modest version controlling carbon dioxide emissions from America’s coal plants.

The big picture: This fight, like many in Washington, is big on symbolism and lacking in substance. While it was supposed to help President Trump save the coal industry and gut the heart of his predecessor's climate agenda in one swoop, the reality tells another story.

Reality check: America's coal industry continues to decline, driven by a host of factors separate from the Obama-era regulation, largely — but not only — because plentiful supplies of natural gas provide power companies a cheap, cleaner-burning alternative.

  • Meanwhile, the CPP never actually went into effect, despite the hype from Obama administration officials and environmentalists. In an unusual move, the Supreme Court temporarily blocked the final rule in February 2016 to let litigation play out.

Details: The rule aims to reduce power-plant CO2 emissions by as much as 35% below 2005 levels in 2030, according to the EPA, which said this decline is also due to "expected industry trends," highlighting the ongoing shift away from coal to natural gas and renewable energy — irrespective of both Obama's rule and Trump's efforts to repeal it.

  • Between the lines: The EPA's assessment is an implicit acknowledgement that its new rule isn’t going to bring back coal.
  • America's greenhouse gas emissions, like much of the rest of the world's, ebb and flow with economic growth and demand. After a marked decline due to the shift from coal to natural gas, which burns far less CO2 than coal, U.S. energy-related emissions are expected to decline again slightly in the coming years.

The intrigue: Myron Ebell, a top director at the Competitive Enterprise Institute, a conservative think tank that disputes that climate change is a problem, said Wednesday that his group will likely sue EPA over the rule, arguing the law doesn’t allow such regulation on CO2.

  • Ebell, who was an adviser to the Trump transition team, said this would be the first lawsuit his group would file against Trump’s EPA, which has been mostly pushing policies Ebell supports.

What's next: Expect lawsuits from environmental groups and Democratic-led states. In other deregulatory news, EPA's other big controversial rollback — freezing Obama's auto efficiency standards — is expected soon.

Go deeper: The U.S. coal industry is choking

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Updated 34 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage" Axios-Ipsos poll: Federal response has only gotten worse.
  2. Health: Hospitals face a crush — 13 states set single-day case records last week.
  3. Business: Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. States: Nearly two dozen Minnesota cases traced to three Trump campaign events.
  6. World: Putin mandates face masks.

Louisiana braces for 3rd hurricane in 2 months as Tropical Storm Zeta nears

Municipality workers clean the streets of garbage in Playa del Carmen, Mexico, on Tuesday that was left by Zeta, which struck the Yucatan Peninsula as a Category 1 Hurricane a day earlier — causing no major damage to infrastructure. Photo: Medios y Media/Getty Images

Tropical Storm Zeta is expected to strengthen back into a hurricane and bring dangerous storm surge conditions to parts of the northern Gulf Coast on Wednesday, per the National Hurricane Center.

The state of play: Louisiana Gov. John Bel Edwards (D) requested a pre-landfall Federal Declaration of Emergency in a letter to President Trump on Tuesday, ahead of the storm's expected arrival south of New Orleans.

2 hours ago - Technology

Trump's campaign website hacked

A screenshot of the Trump campaign website after it was hacked.

The Trump campaign website briefly went down and its "About" page was modified after hackers attacked the site Tuesday evening.

The big picture: With just seven days before the election, the hackers emulated the FBI and declared on the "About" page that: "this was seized. the world has had enough of the fake-news spreaded [sic] daily by president donald j trump. it is time to allow the world to know truth." Two addresses linked to the cryptocurrency Monero appeared on the site. Trump campaign spokesperson Tim Murtaugh in a statement said no sensitive data had been exposed in the attack.

Go deeper: Twitter hack raises fears of an unstable election