President Obama’s Green Economy
May 28th, 2009From the earliest days of the most recent presidential election, President Obama made it clear that one of his highest priorities if elected would be addressing climate change, energy consumption and the economy. It seems that within the first several months of taking office, President Obama has remained dedicated to those priorities. More recently, he maintains that he has found a single solution that will address all three problems: the development of a “green economy.”
The green economy, according to the Administration, will “invest in alternative and renewable energy, end our addiction to foreign oil, address the global climate crisis and create millions [five million, to be exact] of new jobs.” President Obama has stated his intention to invest $150 billion over the next ten years in efforts meant to encourage private efforts to establish and use clean energy. Through this investment, the President expects to not only create jobs (developing, installing, and maintaining new green technologies) but also reduce greenhouse gas emissions 80 percent by 2050 through the use of clean and renewable energy sources. Breaking the nation’s addiction to foreign oil is an obvious underpinning of the Obama plan.
