Edwards Unveils an Energy Plan with Substance

Some key aspects of the Edwards Energy Plan include a cap on greenhouse pollution in 2010 and an 80 percent reduction by 2050 — consistent with the dictates of the latest climate science. He would use an economy-wide, cap-and-trade system and sell a portion of the pollution permits to raise $10 billion a year for a New Energy Economy Fund.

The Fund would be used to pursue clean, renewable, and efficient energy technologies and create 1 million jobs in the process – along the lines of what the Apollo Alliance has outlined. One billion dollars a year from would go towards helping US automakers meet higher fuel economy requirements and utilize the latest technologies, including biofuels, hybrid and electric cars, hydrogen fuel cells, and ultra-light materials.

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