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Energy Security
Energy Security
Obama supports a carbon "cap-and-trade" system where companies either pay to pollute or invest in cleaner technology.

· Work to reduce carbon emissions 80% below 1990 levels by 2050.

· Invest $150 billion in renewable energy over the next 10 years.

· Allow limited amount of offshore drilling.

· Require that 10% of nation's energy comes from renewable sources by 2013.

· Aim to reduce nation's demand for electricity 15% by 2020.

"To bring about real change, we're going to have to make long-term investments in clean energy and energy efficiency." -- Obama*


NEXT: Taxing Wealth
Last updated November 06 2008: 11:36 AM ET
Source:
*June 18, 2008, Speech, Springfield, Mo.
**April 25, 2008, Speech, Indianapolis, Ind.
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