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President Obama Just Announced The ‘Clean Power Plan’ – Here’s Everything You Need To Know

'There is such a thing as being too late when it comes to climate change,' the President said.

The Earth is pretty cool in general, but it's not literally so "cool." In fact, as President Obama pointed out in a press conference today, 2014 was the hottest year on record. That's because of global climate change, and with all the carbon emissions we're dumping into the atmosphere, we're largely responsible.

But there's a way to fight back -- that's why on Monday (August 3), President Obama announced the "Clean Power Plan," which he described as "the single most important step America has ever taken in the fight against global climate change." The plan aims to significantly reduce the amount of carbon dioxide --one of the notorious greenhouse gases responsible for global climate change -- released into the atmosphere.

With candor and urgency, the President broke down what the plan looks like. Here's what you need to know:

The Clean Power Plan Focuses Largely On Power Plants

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As the President noted, there have "never been federal limits on the amount of carbon plants can dump into the air."

States Can Put Together Their Own Plans For Reducing Emissions

This will give each state the tools to analyze their level of emissions and create a plan that works for their individual situations, since "not everybody’s starting in the same place," the President said.

By 2030, The CPP Will Have:

-Prevented up to 3,600 premature deaths

-Prevented 1,700 non-fatal heart attacks

-Prevented 90,000 asthma attacks in children

-Prevented 300,000 missed workdays and schooldays

The President Said That The CPP Will Help Those 'Most Affected' By Global Climate Change -- That Is, Low Income And Minority Communities

The Plan Will Save Families $$

In conclusion: