zondag 29 maart 2009

Obama pledges billions for renewable energy projects

Barack Obama declared that he is planning to spend billions of dollars on renewable energy projects over the next few weeks. The president said the $129bn allocated for encouraging the use of solar power, hybrid cars and renewable energy projects would not be subject to start a political war between the White House and Congress.

His pledge on clean energy came as the Environment Protection Agency (EPA) was telling the White House that global warming was endangering public health. It comes after years of resistance by George Bush. The move by the EPA could lead to nationwide measures to limit carbon emissions in the US.

Defending his plans to spend on renewable energy, Obama said that they can remain the world’s leader of exporting foreign oil or become the leading exporter of renewable energy. It’s very important for the coming generations he said too. Obama had a meeting with some clean energy entrepreneurs and he told them he hoped they could help the US out of recession by creating 300,000 jobs.

Republican and Democratic congressional members are growing increasingly sceptical about the scale of Obama's budget. He is also creating a fight to prevent the Congress to cut back the plans. The White House said his budget would provide $75bn over the next 10 years to make permanent existing tax cuts for clean energy. His $787bn economic stimulus package aimed to help the US out of recession, included $39bn for clean energy projects and $20bn in tax incentives. Jared Bernstein, a White House economics adviser, said Obama was prepared to negotiate details with clean energy entrepreneurs but not with Congress.

Obama is facing opposition to his budget from conservatively fiscal Democrats who are worried about the size of his spending plans. Also the Republicans opposed to plans to penalise high pollution companies.

For me it’s clear Obama wants to improve the living climate. Improving this climate means there are a lot of measures that has to be taken. Obama is willing to spend an enormous budget to execute his plans, and maybe it’s really necessary. As he said, it’s important for every one in the world that they are one of the biggest exporters of oil in the whole world. But if we proceed, just like we are living today, it will be necessary too that the US becomes the biggest exporter of clean energy all over the world. When they are able to reach this target, they will be able to help a lot of countries.

Source: http://www.guardian.co.uk/world/2009/mar/23/barack-obama-environmental-spending-budget

Posted by Joachim De Zutter

1 opmerking:

  1. According to me investing in renewable energy is positive for everybody. Because renewable energy can fight against the problem of global warming. Also the enverionment will benefit from it. So also the people will benefit from it at the end.

    Obama's plan to invest in renewable will create 300,000 jobs, which is positive for the economy in the US.

    Dominique Van Huffel