Sunday, January 30, 2011

Obama's Goal for Clean Energy

In his State of the Union address, President Obama spoke of the importance of utilizing alternative clean energy sources. Reports Ryan Tracy of The Wall Street Journal, Obama has set the goal that by 2035, 80% of America's energy will be from clean sources. Part of the difficulty surrounding this goal is the extreme amount of funds needed to do energy research and make the shift from the country's current energy system to a new one. As such, Obama will have to appeal to members of Congress and impress upon them the significance of using clean energy. If he succeeds, a large portion of the federal government's budget will be dedicated to his goal.

Apart from helping the environment, one of the benefits of further developing America's use of clean energy is the subsequent strengthening of the energy market that will occur. By creating a competitive business market for energy, Obama believes America will "win the future by being the best place on Earth to do business." This statement demonstrates how vital business and the economy are to the wellbeing and power of the United States.

Source:
Tracy, Ryan. "Obama Renews Clean Energy Push." The Wall Street Journal 29 Jan. 2011. The Wall Street Journal Digital Network. Web. 30 Jan. 2011.

1 comment:

  1. Would energy companies today transition to find those new form of clean energy sources? Or would this provide a new market in the country, with new businesses?

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