Michael Greenstone, the Milton Friedman professor of economics and the director of the Energy Policy Institute at the University of Chicago, and Mark Templeton, an associate clinical professor of law and director of the Abrams Environmental Law Clinic at the University of Chicago Law School.

When the history books are written, the Clean Power Plan will mark the turning point at which the United States decisively committed itself to confronting climate change – firmly entrenching our nation as a global leader in the fight of this generation.

Enforcing the legal requirements of the Clean Air Act, it obligates states to reduce harmful emissions from power plants that are already changing our climate and exposing our children and their children and so forth to the risks of disruptive climate change.

While giving each state flexibility in the methods that it chooses to reduce emissions, the plan makes tremendous strides in encouraging the development of a carbon price in our nation. Analysts of all political stripes have long agreed that putting a price on carbon is the cheapest and quickest way to reduce emissions.

Read more at The Conversation