Illinois senator and presidential candidate Barack Obama’s global warming/energy policy has developed significantly in the past year, from endorsement of coal-to-liquids funding to his policy platform unveiled yesterday.
Summary of Obama’s energy policy:
- 100% auction cap-and-trade with 1990 levels by 2020, 80% cuts by 2050
- $150 billion investment over ten years in clean energy and green jobs
- 2030 goals: reduce U.S. economy energy intensity by 50%, reduce oil consumption by 35%,
- Standards: 25% federal RPS by 2020, all new buildings carbon neutral by 2030, phase out traditional incandescents by 2014
- Smart grid with distributed generation
- Increase CAFE standards to 35 MPG, Renewable Fuel Standard to 36 billion gallons by 2022
- Require 60 billion gallons of biofuels by 2030
- Re-engage in UNFCCC