Barack Obama has set forth a goal to reduce carbon emissions in the U.S. by 80% by 2050, using $150 billion over 10 years to create a "clean-energy" future
By Stephen Heiser
At his acceptance speech Barack Obama said, "As President, I will tap our natural gas reserves, invest in clean coal technology, and find ways to safely harness nuclear power. I'll help our auto companies re-tool, so that the fuel-efficient cars of the future are built right here in America. I'll make it easier for the American people to afford these new cars. And I'll invest $150 billion over the next decade in affordable, renewable sources of energy — wind power and solar power and the next generation of biofuels; an investment that will lead to new industries and five million new jobs that pay well and can't ever be outsourced."
Cambridge Energy Research Associates has estimated that the potential for world-wide investment in clean energy, of which nuclear generation is the focal point, will reach $7 trillion in real 2007 dollars by 2030.