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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
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*June 18, 2008, Speech, Springfield, Mo.
**April 25, 2008, Speech, Indianapolis, Ind.
*June 18, 2008, Speech, Springfield, Mo.
**April 25, 2008, Speech, Indianapolis, Ind.
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