Tuesday, November 18, 2008

Obama's Green Revolution?

From WSJ, Environmental Capital:

In a video message prepared for a global-warming summit in California, Mr. Obama seems to say that battling climate change will be in the leadoff slot, with the clean-energy program batting cleanup (hat tip):

My presidency will mark a new chapter in America’s leadership on climate change that will strengthen our security and create millions of new jobs in the process. That will start with a federal cap-and-trade system. We’ll establish strong annual targets that set us on a course to reduce emissions to their 1990 levels by 2020, and reduce them an additional 80% by 2050. Further, we’ll invest $15 billion each year to catalyze private-sector efforts to build a clean-energy future.

If this is indeed the case it will send a strong signal to take carbon constraints seriously.

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