The Obama-Biden New Energy for America Plan: Existing Technologies Contribute to Energy Goals

Abstract

Diversifying energy sources is a key goal set out in the Obama-
Biden New Energy for America plan. Reducing the nation’s depen-
dence on oil has been called one of the greatest challenges our nation
has ever faced. Quick and bold actions were proposed to transform the
entire economy, “from cars and fuels, to factories and buildings.” At
the same time, the plan recognizes the potential for dire consequences
resulting from climate change caused by greenhouse gas (GHG) emis-
sions, largely from the burning of fossil fuels for energy. Recognizing
the nation’s responsibility to be part of the global climate change
solution, the plan set ambitious goals to reduce GHGs by 80 percent
by 2050.
Since taking over the reins of power, the new administration has
proposed a comprehensive plan to invest in alternative and renewable
energy, end our addiction to foreign oil, address the global climate
crisis, and create millions of new green energy jobs. Supporting the
administration’s goals, the President’s budget includes more than
$150 billion over 10 years in clean energy and energy efficiency, and
a 10-year commitment to make the Research and Experimentation Tax
Credit permanent. The funds support the administration’s position
that investments in research and development today will pay off in
high-quality green jobs tomorrow.