Obama's Climate Team Faces "New Energy Economy" Challenge

01/16/2009 05:12 am ET | Updated May 25, 2011

The new team faces political urgency to deliver on promises made by Mr. Obama on the campaign trail. One was his pledge to use a cap-and-trade bill for curbing heat-trapping gases as both the means of shifting investments away from energy sources that cause emissions of such gases and also as the source of the $15 billion a year he promised to invest in advanced energy technology. That figure may be dwarfed by spending on stimulus programs, including so-called green projects like building wind farms and making buildings more energy efficient.

Previous efforts to move a comprehensive climate bill through Congress stalled even without the deepening recession the nation confronts today, said Rafe Pomerance, a negotiator in the Clinton administration on international climate agreements and the president of Clean Air-Cool Planet, a Washington nonprofit group.

Mr. Pomerance said the challenge would be to devise a scientifically rigorous bill that would satisfy lawmakers who fear the costs.

Read more on New York Times

Suggest a correction