U.S. President Barack Obama unveils a plan to limit carbon pollution from power plants, calling it the ''single most important step'' ever taken by the U.S. to fight climate change. Rough Cut (No reporter narration).
ROUGH CUT (NO REPORTER NARRATION) STORY: U.S. President Barack Obama on Monday (August 3) formally unveiled his administration's ramped-up plan to cut carbon emissions from power plants and declared climate change the greatest threat facing the world. Speaking to a friendly crowd at the White House a few months before international climate talks in Paris, Obama said the world may not be able to reverse global warming if aggressive action to stop it is not taken. "The EPA (U.S. Environmental Protection Agency) is setting the first ever nationwide standards to end the limitless dumping of carbon pollution from power plants," Obama said to applause. "Here's how it works. Over the next few years, each state will have the chance to put together its own plan for reducing emissions because every state has a different energy mix," he continued. Among other things, the plan will cut emissions by 32 percent from 2005 levels by 2030. Opponents in the coal industry and their political allies are expected to fight the plan in the courts but Obama rejected criticism that his plan would increase energy bills for Americans, hurt the poor, and cost jobs. "This is the right thing to do," he said.