Obama 08: Barack Obama believes we have a moral, environmental, economic, and security imperative to address our dependence on foreign oil and tackle climate change in a serious, sustainable manner.
* Implement an economy-wide cap-and-trade auction program to reduce greenhouse gas emissions 80% by 2050, a level recommended by top scientists to avoid calamitous impacts. An auction ensures that all polluters pay for every ton of emissions they release, rather than giving these emission rights away for free to coal and oil companies. Without a profit motive or incentive to innovate, corporations do not spend time or money to develop new clean ways of doing business. Obama will start reducing emissions immediately in his administration by establishing strong annual reduction targets, and he'll also implement a mandate of reducing emissions to 1990 levels by 2020.
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