Obama announced additional details for his plan to fight global warming today. The plan would set two crucial deadlines:
By 2030, we would:
(1) take dramatic steps to improve energy efficiency -- aiming for a 50% improvement by 2030 through steps like:
- Phasing out the incandescent light bulb by 2014 -- "a measure that Obama estimates would save consumers $6 billion a year on their electric bills."
- Having all federal government buildings carbon neutral by 2025
- Require all new construction to be carbon neutral by 2030
(2) reduce "our dependence on foreign oil and reducing oil consumption overall by at least 35 percent, or 10 million barrels of oil."
By 2050, we would have reduced global warming emissions by 80% below 1990 levels through "an economy-wide cap-and-trade program." (The system would also mandate a return to 1990 levels by 2020.)
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