Wednesday, November 5, 2008

Obama energy plan

Now that the historically estimable Barack Obama will be the 44th U.S. President, what kind of energy decisions would he make?

We can draw some conclusions from the energy plan posted on his web site. Here is a sampling of their plan (with any of my comments in parentheses):

  • Help "create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future." (An "Energy New Deal" is not out of the realm of possibility, as it accomplishes two goals at once; puts Americans back to productive work, and helps the U.S. become an energy superpower again.)

  • Get one million plug-in hybrid cars on the road by 2015, partly by providing a $7,000 tax credit for the people who buy them.

  • "Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025." (This is a fairly lofty goal, as we get far less than one percent of our energy from solar photovoltaic or thermal energy, for instance.)

  • Help "develop five commercial scale coal-fired plants with clean carbon capture and sequestration technology." (This is unlikely as carbon sequestration is problematical and has not been implemented, as far as I can tell, with a commercial-scale coal plant in the U.S. I always thought of "clean coal" as a contradiction in terms.)

  • Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050. (It is possible that President Obama, with his electoral mandate, will be able pass through this cap-and-trade system.)

No comments:

Post a Comment