Obama To Announce Climate Change Initiative Today

To be unveiled at Georgetown University

President Barack Obama's new climate initiative will impose deadlines for EPA to write rules throttling carbon dioxide emissions at U.S. power plants, part of a series of efforts that could hit the coal industry hard both at home and abroad — but also create jobs and spark the economy, the administration says.

Tuesday's long-awaited roll-out at Georgetown University will lay out a three-part strategy to lessen U.S. greenhouse gas emissions, help lead international climate talks and protect the U.S. from the effects of climate change.