Friday, May 18, 2007

A Call To Action

Richardson Outlines Bold Vision For America's Energy Policy

You may have often heard Governor Richardson discuss the need for an "Apollo Program" effort to help initiate a sense of stewardship on the part of our nation to reduce our dependence on foreign oil and alleviate the harmful effects of energy consumption upon the world in which we live. On Thursday, May 17, Bill Richardson outlined the most comprehensive and visionary plan yet seen by any candidate to help achieve this important goal.

The Richardson Plan: source

* Cut oil demand: 50% by 2020
We must reduce oil imports from around 65% to 10%. We can reach these goals in part by getting the 100 mile per gallon (mpg) car into the marketplace, push fuel economy standards to 50 mpg by 2020, and set a life-cycle low-carbon fuel standard that reduces the carbon impact of our liquid fuels by 30% by 2020, including increasing use of alternative fuels.
* Change to renewable sources for electricity: 50% by 2040
I am calling for a national renewable electricity source portfolio standard of 30% by 2020 – which will rise to 50% by 2040. This is aggressive, but necessary as we start using more electricity for automobiles. I will push for an energy productivity law requiring a 20% improvement in energy productivity by 2020. We could easily save customers $21 billion a year by 2020. Also, my market-based cap and trade program for greenhouse gas emissions will create incentives for the electric and industrial sectors to make significant reductions in their carbon emissions.
* Dramatically reduce greenhouse gas emissions: 90% by 2050
20% by 2020, and 80% by 2040 -- ten years faster than scientists say is necessary, because we must lead the world, and we can’t afford the possibility of backsliding and inaction. We will start with a market-based cap and trade system. Economists say the world can protect itself from drastic climate change at a cost of 1-3% of our economic activity. We can afford to protect the climate. Given the risks of catastrophic climate change, we can’t afford not to.
* Lead by example and restore America as the world’s leader
We must return to the international negotiating table and support mandatory world-wide limits on global warming pollution. We will work closely with fast-growing nations and, as President, I will cooperate with the European Union, the World Bank, and other allies to help finance the incremental cost of “doing it right.” I will create a North American Energy Council with Mexico and Canada, which supply about 20% of our oil, and make sure our relations with these neighbors are firm and friendly. As we reduce our demand for foreign oil, we should work with the Persia Gulf nations, and our partners in consuming nations and the United Nations Security Council, to try to create a multilateral system for protecting the Gulf so that within ten years the U.S. presence there could be sharply and safely reduced.
* Get it all done without breaking the bank
We will raise some revenue from the sales of carbon permits, for example. Further, I will get out the “green scissors” to cut back on wrongly-placed tax subsidies. Over time, this program will yield huge productivity increases in our economy, as well as significant budget savings and revenues. We will create more than ten times as much value in the American economy by reducing our oil imports as we spend to make this program happen.

On energy policy, we need to change fast or sink slowly. We need to act boldly and act now. Defy conventional wisdom and join the revolution -- endorse Governor Richardson bold new agenda for an American energy and climate revolution.


You can read the entire speech here

...Or Watch It Here!

The Early Reaction Has Been Phenomenal
* Governor Richardson Will Be America's Energy President: NH Insider

*Richardson's Energy Plan a Hit With Environmentalists

* As of today, Bill Richardson has become the boldest, most visionary Democratic presidential candidate on climate and energy policy... (David Roberts: Huffington Post)

1 comment:

Jenny said...

I'm thrilled that Bill is getting the credit he deserves for being the most capable Dem running. Not to mention the one with the most brilliant ads!