President Obama Address to Congress
by Steven Biel
February 25, 2009
In his speech last night to Congress, President Obama showed once again that he gets it: solving global warming is not only essential for our environment, it is also critical for our long-term economic security.
Global warming is the greatest potential destroyer of wealth that we face–greater than the sub-prime mortgage crisis, the credit squeeze, and the struggles of auto industry combined. Continuing down our current path of unlimited pollution and dependence on coal and oil will certainly lead to economic disaster.
In addition, clean energy is already a huge driver of new job growth. More people are employed in the U.S. wind industry today than in coal mining, and investments in renewable energy create three times more jobs than investments in fossil fuels. President Obama knows that if you’re looking for economic stimulus and job growth, the smart money is on clean energy.
President Obama called for doubling the supply of renewable energy over the next three years–an aggressive goal that would be a great start towards building our clean energy future.
He also called on Congress to pass legislation to cap emissions of global warming pollution. Given the latest science and the assessments of the Nobel Prize-winning Intergovernmental Panel on Climate Change, it is clear that to minimize the risk of global warming the U.S. must cut domestic emissions from fossil fuel combustion by at least 20-25% by 2020.
We applaud his leadership and urge him to continue to push for the the complete clean energy revolution that is needed to save America’s environment, and our economy.