US President -elect Barack Obama gave the first of his weekly addresses to the nation and declared “that his administration would mark a new chapter in American leadership on climate change.”
Few challenges facing America — and the world — are more urgent than combating climate change, he said. Many of you are working to confront this challenge….but too often, Washington has failed to show the same kind of leadership. That will change when I take office.
In his speech Mr Obama made the following commitments
1. A federal cap and trade system
2. Strong annual emissions reduction targets with milestones of 1990 level emissions by 2020 and an additional 80% reduction by 2050
3. $15 billion per year to catalyse a clean energy future including solar, wind and next generation bio-fuels and to tap nuclear power while making sure it is safe and develop clean coal technologies
4. 5 million new green jobs that pay well and can’t be outsourced.
His entire speech is in the embed video.
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