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President Trump. Photo: BRENDAN SMIALOWSKI / Contributor

The Environmental Protection Agency's rule controlling power plants’ carbon emissions cuts C02 but preserve more coal electricity, according to a recent analysis by the U.S. Energy Information Administration.

Why it matters: It’s believed to be the first such EIA analysis of the regulation, putting meat on the bones of one of President Trump’s biggest regulatory moves to scale back rules from his predecessor.

Where it stands: The conclusion, tucked away near the end of an EIA analysis released last week, found that the rule would preserve more existing coal electricity, but drop coal consumption due to increased efficiency at power plants. That increased efficiency would still result in a (slight) drop in C02 emissions.

The big picture: The rule would slow (slightly) America's overall decline in coal electricity, but it wouldn't revive coal like Trump has promised.

By the numbers: The timelines range between 2025 and 2050 (light-years away compared to the minute-by-minute corona crisis…)

  • Nine gigawatts less coal-fired electric capacity is closed by 2025 under the rule compared to without the rule.
  • Coal consumption averages 5% more than without the rule, due to greater efficiency, between 2040 and 2050.
  • Therefore, power-plant carbon emissions are 5% more without the rule than with it in 2025, and 2% more in 2050.

The bottom line: The impact is, on an aggregate, minimal in any direction, but these details will likely matter as the regulation slogs its way through the court.

Go deeper: Trump swaps sweeping Obama-era climate rule for narrow one

Go deeper

Biden to stress U.S. does not seek new Cold War in UN speech

Photo: Al Drago/Getty Images

President Biden will use his first address before the UN General Assembly to lay out his vision for an era of "intensive diplomacy" with allies and "vigorous competition" with great powers — without a Cold War with China.

Why it matters: Biden will take the podium in New York on Tuesday with his own international credibility in question after the chaotic withdrawal from Afghanistan. His administration also is struggling to build international momentum to fight climate change, the pandemic and rising authoritarianism.

4 hours ago - Health

Biden administration to lift travel ban for fully vaccinated international travelers

Photo: Win McNamee/Getty Images

White House COVID-19 response coordinator Jeff Zients announced on Monday that the Biden administration will allow fully vaccinated travelers from around the world to enter the U.S. beginning in November.

Why it matters: The announcement comes as President Biden seeks commitments from countries to donate vaccines to the global COVAX initiative. He is expected to host a COVID summit on the sidelines of the UN General Assembly this week, and many of the countries attending have expressed frustration with the travel ban.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Gen Z breaks into VC

Illustration: Aïda Amer/Axios

When Meagan Loyst joined VC firm Lerer Hippeau, less than two years out of Boston College, she was still living with her parents. She had virtually no online brand presence, and the pandemic made it impossible to build a professional network via in-person meetings.

Why it matters: Loyst wasn't alone. Venture firms have accelerated hiring in line with record deal activity, often seeking younger investors who can spot trends that fly below the radar (or intrinsic understanding) of older partners.

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