Barack Obama

Sen. Sanders says Obama is committed to climate action

WASHINGTON — One of the U.S. Senate’s top campaigners against global warming on Wednesday sought to ease international concerns, vowing President Barack Obama was committed to action on climate change. Some European nations have voiced uncertainty about whether Obama and the U.S. Congress can follow through on promises to force sharp reductions in carbon emissions […]

More perspectives on tax/auction revenue allocation

This post makes a point that I already made last Monday, but it bears repeating -- this time in the context of cap-and-trade.

Chaz Teplin gave some approximate numbers for how much Obama's cap-and-trade plan would raise energy prices (based on a $14.30/MT carbon price):

Effect of the Obama carbon price

• Petroleum fuel: adds 15¢/gallon
• Electricity: adds 0.8¢/kWh (compare to 7-10¢/kWh residential rates)
• Natural gas: adds 8¢/therm (compare to 85¢/therm residential rates)

 

The conclusion: "... energy prices would increase by about 10 percent. It's a start, but a very slow one." But that's not the whole story.

Obama says there’s no need to choose between sustainability and the economy

“Throughout our history, there’s been a tension between those who’ve sought to conserve our natural resources for the benefit of future generations, and those who have sought to profit from these resources. But I’m here to tell you this is a false choice. With smart, sustainable policies, we can grow our economy today and preserve […]

'So am I'

I promised an economy run on clean, renewable energy that will create new American jobs, new American industries, and free us from the dangerous grip of foreign oil. This budget puts us on that path, through a market-based cap on carbon pollution that will make renewable energy the profitable kind of energy; through investments in wind power and solar power; advanced biofuels, clean coal, and more fuel-efficient American cars and American trucks.

...

I realize that passing this budget wont be easy. Because it represents real and dramatic change, it also represents a threat to the status quo in Washington. ... I know that oil and gas companies wont like us ending nearly $30 billion in tax breaks, but that's how we'll help fund a renewable energy economy that will create new jobs and new industries. In other words, I know these steps won't sit well with the special interests and lobbyists who are invested in the old way of doing business, and I know they're gearing up for a fight as we speak. My message to them is this:

So am I.

Carbon policy = tax cut

A final note about cap-and-trade auction revenue in Obama's budget.

I know some folks (see Sean) object to the whole notion that climate policy should be viewed as a means of raising (and spending) revenue. And there are good policy reasons to fear the conflation.

Still, political reality being what it is, I can't help but think this is a stroke of genius. What you've got now is a tax cut for 95% of American workers, paid for by wealthy industries and individuals. It's flipped the "war on the poor" attack on cap-and-trade completely. Now blocking carbon legislation is a war on the poor.

"Mr. Inhofe, why do you oppose a tax cut that will help so many hard-hit Oklahoma families? Whose interests are you defending?"

Heh.

Opportunity for a defining moment

The inauguration of Barack Obama as the 44th President of the United States is a defining moment in American history. For most Americans and countless others around the world, this is an inspiring political transition. The question we must face, however, is whether compelling inspiration will lead to effective action. As I wrote in a Boston Globe op-ed (November 12, 2008) one week after election day, environment and energy issues -- particularly climate change policy -- provide a microcosm of the forces that are shaping and will shape the actions of the new administration and Congress.

About eight years ago, President-elect George W. Bush promised to be President for all the people, not just those who had voted him into office. Bush's ability as Texas governor to bridge differences across the political aisle provided cause for optimism.

But hope for a centrist and sensible presidency dissolved under the influence of White House political operative Karl Rove and Vice President Dick Cheney. The Bush Administration moved not to the center, but toward solidifying its base on the political right. Nowhere was this more apparent than in energy and environmental policy, with Vice President Cheney running energy policy, and EPA Administrator Christie Whitman virtually driven from office.

Obama’s first budget includes green spending and anticipated revenues from a climate plan

President Barack Obama on Thursday outlined his first proposed budget, notably including billions of dollars for renewable energy investments and taking into account billions in expected revenues from a carbon pricing scheme. In his remarks on Thursday, Obama also reaffirmed his directive to Congress to send him legislation putting a price on carbon. The “climate […]

Congress starts to outline how they’ll meet Obama’s directive on climate and energy legislation

President Barack Obama issued a directive to Congress in his address on Tuesday night, calling for a climate bill and energy measures. Now we’re getting a clearer ideas from Congressional leaders about how they plan to respond. On Wednesday, Senate Majority Leader Harry Reid told reporters that he plans to achieve three legislative priorities to […]

Obama puts climate and energy atop his priorities list in his first address to Congress

President Barack Obama devoted a significant portion of his address to a joint session of Congress on Tuesday night to energy and environmental concerns, talking up the need for energy investments and calling on legislators to send him a cap-and-trade bill this Congress. “To truly transform our economy, protect our security, and save our planet […]