At the beginning of August, President Obama unveiled with great fanfare the “Clean Power Plan,” a “Landmark Action to Protect Public Health, Reduce Energy Bills for Households and Businesses, Create American Jobs, and Bring Clean Power to Communities across the Country.”

Stripping away the poll-tested language, the president was announcing — after epic delays — EPA regulations for carbon-dioxide pollution from existing power plants, finally fulfilling a 2000 George W. Bush campaign pledge. The proposed rule’s compliance period will begin in 2022.

From a policy perspective, the proposed rule is a perfect distillation of the Obama administration’s approach to governance: politically rational incrementalism that reinforces the existing power structures and is grossly insufficient given the scope of the problem.