Climate Change
Obama views climate change as an "epochal, man-made threat to the planet" and vows to lead an international coalition to reduce greenhouse gas emissions. Obama has said he will try to ensure "that our nation's environmental laws and policies balance America's need for a healthy, sustainable environment with economic growth."
Obama has called for a market-based cap-and-trade system to reduce carbon emissions. He has said that if he is elected he would invest $150 billion over ten years to advance clean energy technology. He has also said he would doubly increase fuel economy standards within 18 years by providing tax credits and loan guarantees for U.S. auto plants and parts manufacturers for building more fuel efficient cars.Obama cosponsored the Climate Stewardship and Innovation Act of 2007, which would establish a “Climate Change Credit Corporation” to manage tradeable allowances and stimulate the reduction of greenhouse gas emissions. That bill has not yet been voted on. With Hillary Clinton, Obama also signed on as a cosponsor of the Global Warming Pollution Reduction Act in 2007. Obama missed the June 2008 vote on the Climate Security Act of 2008, but called the legislation "critical and long overdue." Still, he said, the bill could be improved. "We must ensure that more middle-class families reap more of the financial benefits created by this bill," he said in a statement. " And we must direct greater resources to the regions of the country that will bear the brunt of this critical transition to a clean energy economy."
Obama views climate change as an "epochal, man-made threat to the planet" and vows to lead an international coalition to reduce greenhouse gas emissions. Obama has said he will try to ensure "that our nation's environmental laws and policies balance America's need for a healthy, sustainable environment with economic growth."
Obama has called for a market-based cap-and-trade system to reduce carbon emissions. He has said that if he is elected he would invest $150 billion over ten years to advance clean energy technology. He has also said he would doubly increase fuel economy standards within 18 years by providing tax credits and loan guarantees for U.S. auto plants and parts manufacturers for building more fuel efficient cars.Obama cosponsored the Climate Stewardship and Innovation Act of 2007, which would establish a “Climate Change Credit Corporation” to manage tradeable allowances and stimulate the reduction of greenhouse gas emissions. That bill has not yet been voted on. With Hillary Clinton, Obama also signed on as a cosponsor of the Global Warming Pollution Reduction Act in 2007. Obama missed the June 2008 vote on the Climate Security Act of 2008, but called the legislation "critical and long overdue." Still, he said, the bill could be improved. "We must ensure that more middle-class families reap more of the financial benefits created by this bill," he said in a statement. " And we must direct greater resources to the regions of the country that will bear the brunt of this critical transition to a clean energy economy."
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