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Environmental News>

Obama: The New Energy Economy – America Cannot Lose

  • 2010-03-12

On March 3, U.S. President Barack Obama announced a new strategy to revitalize U.S. biofuel production and vowed never to allow countries like China to outpace the United States in building a new energy economy.

Obama stated that increasing renewable energy production, bringing biofuel output to 36 billion gallons in 2022, would reduce U.S. dependence on oil by at least 328 million barrels annually and decrease annual greenhouse gas emissions by more than 138 million metric tons. U.S. biofuel production last year was 11.1 billion gallons.

"Importantly, I believe the United States can take the lead in building a clean energy economy, but we must first overcome our own political pressures," Obama said in a speech to Republican and Democratic governors at the White House.

Obama also announced the formation of an interagency task force to jointly develop carbon capture technologies to reduce greenhouse gas emissions from coal-fired power plants, while also assisting in the development of cleaner coal energy. He stated, "If we can develop technologies to capture the carbon pollution from coal emissions, we can create jobs and provide energy for the future."

–Reference source: Lianhe Wanbao, 2010-02-04

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