Barack Obama’s energy plan
Barack Obama's energy plan
Barack Obama's energy plan, as outlined on www.change.gov and in numerous speeches during the election campaign, is a central theme of his strategy to pull the US out of the recession. His website describes the scheme as 'a comprehensive plan to invest in alternative and renewable energy, end our addiction to foreign oil, address the global climate crisis and create millions of new jobs'.
Key elements of Barack Obama's 'New Energy for America' plan:
- To invest $150 billion in the next ten years to 'catalyze private efforts to build a clean energy future' and create five million new jobs.
- To ensure that 10 per cent of US electricity comes from renewable sources by 2012, and 25 per cent by 2025.
- To implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 per cent by 2050.
- To put 1 million Plug-In Hybrid cars on the road by 2015 and establish a National Low Carbon Fuel Standard.
- To boost energy efficiency and 'weatherize' one million homes annually.
- To develop and deploy clean coal technology.
- Make the U.S. a leader on climate change.
Source: Official website of President Barack Obama: http://www.whitehouse.gov/agenda/energy_and_environment/