Yesterday, in his address to both houses of Congress, the Cabinet and the Supreme Court, President Obama laid out an ambitious agenda that he said would focus on three core areas: energy, healthcare and education.
It is important to note that President Obama led with energy — not healthcare or education. He said: “It begins with energy. We know the country that harnesses the power of clean, renewable energy will lead the 21st century.”
He also pressed Congress to pass legislation that would cut carbon emissions: “I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America.”
There has been growing debate on how to cut carbon emissions. One side advocates imposing a carbon tax as an incentive for companies to cut their emissions. Another, is a market-friendly cap-and-trade solution that would provide companies a platform to trade for carbon credits — in essence the right to emit carbon. Obama, yesterday, came out in favor of a market solution.
Overall the President called for the country take on a leadership role in developing and producing green energy.
We know the country that harnesses the power of clean, renewable energy will lead the 21st century. And yet, it is China that has launched the largest effort in history to make their economy energy efficient. We invented solar technology, but we’ve fallen behind countries like Germany and Japan in producing it. New plug-in hybrids roll off our assembly lines, but they will run on batteries made in Korea.
Well I do not accept a future where the jobs and industries of tomorrow take root beyond our borders—and I know you don’t either. It is time for America to lead again.
For more on the energy portion of Obama’s speech, see here and here.