United States Pushes For Cap-And-Trade
Posted on | February 26, 2009 | Comments Off
President Obama spoke up about America moving toward a cap-and-trade market. “Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.”
Duke Energy Corp. and BlackRock Inc. backed the President’s push for a market-based cap on greenhouse gas emissions.
The Edison Electric Institute also supports the President’s plan. Recently, Edison reported their objectives:
“Our issues are at the center of the debates over economic policy, energy strategy, national security and the environment,” Kuhn said. “We are excited by the challenge and optimistic that we – by continuing to work with all of the stakeholders and policymakers involved – can help form the right framework to transform the way our industry works and the way the nation addresses its energy future.”
Kuhn said the electric industry’s success will rest upon aggressive action in four key areas: Energy efficiency, smart grid and advanced electricity transmission technology, plug-in hybrid electric vehicles and advanced, low- and carbon-free electric generating technologies.
On the other hand, those with concerns for the environmen were disappointed that the President did not mention the need for increasing nuclear power.
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