Obama plans to introduce energy efficiency incentive schemes very shortly for homes and businesses as well as invest $150b into upgrading the elecricity network and researching new technologies for energy creation.
The car industry can now apply fo loans ($25b) to produce energy-efficient vehicles. Obama wants to double the amount of the loan.
He wants buildings to become carbon neutral and biouels to be used much more in the future although he must keep an eye on the impact upon food production of course.
He would like to see 25% of energy produced from renewable sources by 2025.
In terms of CO2, Obama would sell off all the permits that allow CO2 produces to still produce similar amounts but can plant trees to 'offset' the carbon produced. Instead if they exceed their limit of CO2 production or wish to produce more, then they will have to pay for this themselves.
We will wait and see of course.
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