Expedite oil and gas drilling from domestic shale formations
Will "speed up the process of recovering oil and gas resources in shale formations in Montana and North Dakota; Texas and Arkansas and in parts of the West and Central Gulf of Mexico."
Weatherize 1 million homes per year
"Will make a national commitment to weatherize at least 1 million low-income homes each year for the next decade, which can reduce energy usage across the economy and help moderate energy prices for all."
Create clean coal partnerships
"Will enter into public private partnerships to develop five 'first-of-a-kind' commercial scale coal-fired plants with clean carbon capture and sequestration technology."
Work to build natural gas pipeline from Alaska
"Will work with the Canadian government, state of Alaska, oil and gas producers, and other stakeholders to facilitate construction of the pipeline. Not only is this pipeline critical to our energy security, it will create thousands of new jobs."
Work with UN on climate change
"Will re-engage with the U.N. Framework Convention on Climate Change (UNFCC) – the main international forum dedicated to addressing the climate problem . . . will also create a Global Energy Forum of the world's largest emitters to focus exclusively on global energy and environmental issues."
Create cap and trade system with interim goals to reduce global warming
"Will set a hard cap on all carbon emissions at a level that scientists say is necessary to curb global warming - an 80% reduction by 2050. To ensure this isn't just talk, I will also commit to interim targets toward this goal in 2020, 2030, and 2040. These reductions will start immediately, and we'll continue to follow the recommendations of top scientists to ensure that our targets are strong enough to meet the challenge we face."
Invest $150 billion to encourage "green" business sector
"I will invest $150 billion over the next 10 years - $15 billion a year - to put America on the path of true energy security. This fund will fast-track investments in a new green energy business sector that will end our addiction to oil and create up to 5 million jobs over the next two decades."
Invest in all types of alternative energy
"We'll invest in research and development of every form of alternative energy - solar, wind, biofuels."
Enact tax credit for consumers for plug-in hybrid cars
"We will leverage private sector funding to bring these cars directly to American consumers. We'll give consumers a $7,000 tax credit to buy these vehicles."
Ask people and businesses to conserve electricity
"Will call on businesses, government and the American people to meet the goal of reducing our demand for electricity 15 percent by the end of the next decade."
Require utilities to reduce electricity demand
"Will set an aggressive energy efficiency goal—to reduce electricity demand 15 percent from DOE's projected levels by 2020. Implementing this program will save consumers a total of $130 billion, reduce carbon dioxide emissions by more than 5 billion tons through 2030, and create jobs. A portion of this goal would be met by setting annual demand reduction targets that utilities would need to meet. The rest would come from more stringent building and appliance standards."
Make buildings more energy efficient
"Will establish a goal of making all new buildings carbon neutral, or produce zero emissions, by 2030. They will also establish a national goal of improving new building efficiency by 50 percent and existing building efficiency by 25 percent over the next decade to help us meet the 2030 goal."
Require more energy-efficient appliances
"The current Department of Energy has missed 34 deadlines for setting updated appliance efficiency standards, which has cost American consumers millions of dollars in unrealized energy savings. Barack Obama and Joe Biden will overhaul this process for appliances and provide more resources to his Department of Energy so it implements regular updates for efficiency standards. They will also work with Congress to ensure that it continues to play a key role in improving our national efficiency codes."
Reduce energy consumption in federal buildings
"Will make the federal government a leader in the green building market, achieving a 40 percent increase in efficiency in all new federal buildings within five years and ensuring that all new federal buildings are zero-emissions by 2025. They will invest in cost-effective retrofits to achieve a 25 percent increase in efficiency of existing federal buildings within 5 years. The Obama-Biden plan will put forward the resources necessary to achieve a 15 percent reduction in federal energy consumption by 2015."
Use revenue from cap and trade to support clean energy and environmental restoration
"A small portion of the receipts generated by auctioning [cap and trade] allowances ($15 billion per year) will be used to support the development of clean energy, invest in energy efficiency improvements, and help develop the next generation of biofuels and clean energy vehicles – measures that will help the economy and help meet the emissions reduction targets. It will also be used to provide new funding to state and federal land and wildlife managers to restore habitat, create wildlife migration corridors, and assist fish and wildlife to adapt to the effects of a warming climate. All remaining receipts will be used for rebates and other transition relief to ensure that families and communities are not adversely impacted by the transition to a new energy, low carbon economy."
Create a 'Green Vet Initiative' to promote environmental jobs for veterans
"Will ensure that more of our veterans can enter the new energy economy. They will create a new 'Green Vet Initiative' that will have two missions: first it will offer counseling and job placement to help veterans gain the skills to enter this rapidly growing field; second, it will work with industry partners to create career pathways and educational programs."
Require plug-in fleet at the White House
"Within one year of becoming President, the entire White House fleet will be converted to plug-ins as security permits."
Require new federal fleet purchases to be half plug-in hybrids or electric vehicles
"Half of all cars purchased by the federal government will be plug-in hybrids or all-electric by 2012."
Require more flex-fuel cars for the federal government
"Government should lead the way here. I showed up at this event in a government vehicle that does not have a flexible-fuel tank. When I'm president, I will make sure that every vehicle purchased by the federal government does."
Provide tax credits for automakers to build fuel-efficient cars
"Will provide $4 billion retooling tax credits and loan guarantees for domestic auto plants and parts manufacturers, so that the new fuel-efficient cars can be built in the U.S. by American workers rather than overseas."
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