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Thursday, November 20, 2008

During speech, Obama promises to tackle global warming

Waste News, Nov. 19 -- President-elect Barack Obama in a speech to more than 600 climate change leaders reiterated his promises to tackle global warming once he comes into office despite the economic challenges facing the nation.

"Few challenges facing America and the world are more urgent than combating climate change," Obama said in a video presentation to the Governors´ Global Climate Summit in Los Angeles organized by California Gov. Arnold Schwarzenegger. "Climate change and our dependence on foreign oil, if left unaddressed, will continue to weaken our economy and threaten our national security."

Obama in his Nov. 18 address pledged that once in office he plans to start tackling climate change by adopting a federal cap and trade system to reduce greenhouse gas emissions by 80 percent by 2050. He also pledged to invest $15 billion annually to encourage private sector efforts to build solar, wind and biofuels energy projects.

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