Jo Ann Emerson, CEO of the National Rural Electric Cooperative Association

Our guest this week is Jo Ann Emerson, CEO of the National Rural Electric Cooperative Association. After a failed attempt to bring legislative change in carbon emissions through the US Congress in 2009, President Obama is now using the regulatory arm of the EPA to bring about a major reduction in carbon emission from fossil fueled power plants. The move brings no guarantee that other counties around the globe will follow the lead of the United States. Coal-fired power plants provide about 40 percent of the nation's electricity. Opponents of the administration's plan see the move as another attack on coal that ultimately will raise electricity rates, eliminate jobs, and depress the nation's economic recovery.It's estimated that if the 30 percent reduction goal is achieved by 2030, global carbon emissions would be reduced by less than 2 percent. Ms. Emerson says the NRECA is concerned about the environment and points out that they've voluntarily cut carbon emissions in half over the past decade without additional government regulations.SELECT NOW FOR DAILY AUDIOJo Ann Emerson, CEO of the NRECA