A Performance Standards Approach to Reducing CO2 Emissions from Electric Power Plants

..............................................................................................................1 Background ..........................................................................................................2 Pew Center Coal Initiative Policy Evaluation Criteria Objectives and Description of CO2 Performance Standards ........................................5 Performance Standards for New Sources Performance Standards for Existing Sources State-Level Performance Standards for CO2 .............................................................8 Proposed Federal Performance Standards .............................................................10 Evaluation of Performance Standard Policy Options ...............................................13 Familiarity of the Approach Effectiveness in Reducing Emissions Timing and Ease of Implementation Cost-Effectiveness and Use of Market Mechanisms Linkage to Other Policy Mechanisms