U.S. Utilities to support 80% Emissions Reduction by 2050

The Edison Electric Institute, which represents about 70 percent of U.S. electricity producers, revealed a new industry wish list for climate change legislation this morning. The group voted last week to support national mandates to reduce greenhouse gas emissions to 80 percent below current levels by 2050. Unlike plans put forth by Obama and other groups, EEI’s proposal lacks phased deadlines for the interim four decades, saying only that medium-term targets for the next 10-20 years “should be synchronized with deployment of other technologies.”

Read more about this here.