From Yale Environment 360 on Thursday, January 15, 2009:
Even in this era of costly crisis and even more expensive rescue, $50 billion is still a lot of money. That sum — perhaps even more — is what Congressional leaders and aides to President-elect Barack Obama say he will propose to build new transit lines, weatherize buildings, manufacture clean next-generation vehicles, and create new “green collar” jobs.
Even more crucial than the scale of the spending on clean energy is what the President-elect says it represents to his overall economic development strategy. Clean energy projects are a crucial piece of an estimated $700 billion to $1 trillion, two-year stimulus plan to put 3 million people back to work, and the first wave of public investment to transform how America powers itself. Remarkably, it now appears that Obama plans to launch his presidency with a daring idea: To anchor the American economy with energy sources not derived from fossil fuels.
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