“So we have a choice to make. We can remain one of the world’s leading importers of foreign oil, or we can make the investments that would allow us to become the world’s leading exporter of renewable energy. We can let climate change continue to go unchecked, or we can help stop it. We can let the jobs of tomorrow be created abroad, or we can create those jobs right here in America and lay the foundation for lasting prosperity.”
– President Obama, March 19, 2009
With many goals in mind for the future, the Obama administration has already taken several steps to achieve them. One of the largest steps has come through the American Recovery and Reinvestment Act, which includes more than $60 billion in clean energy investments. Some of these investments include: $6.3 billion for state and local renewable energy and energy efficient efforts, $4.5 billion to green federal buildings and cut the energy bill, $5 billion for low-income home weatherization projects, $600 million in green job training programs, and more.
In the automobile industry, Obama hopes to create jobs and also address the issue of climate change by increasing the fuel economy standards for Model Year 2011 cars and trucks. He believes that the better mileage will save drivers money and spur innovation in the industry. This plan and others will help toward Obama’s goals of reducing dependence on foreign oil and investing in the next generation of energy technologies. Obama plans to dedicate $150 billion over ten years to alternative fuel and energy research and development.
The President also took the opportunity on Earth Day to unveil a program to develop renewable energy projects on our Outer Continental Shelf that produces electricity from wind, waves and ocean currents. He claims this will allow the nation to generate clean energy by tapping into our ocean’s vast sustainable resources.
Other goals of the Obama administration include stemming carbon pollution through a market-based cap, and enhancing U.S. energy supplies through development of domestic renewable energy, fossil fuels, advanced biofuels and nuclear energy. With an administration so focused on energy initiatives, we are sure to see many more changes taking place in the near future.