President Obama and Alternative Energy Policies.
It will take several years to approve and fully implement comprehensive new alternative energy policies, however the Obama administration promises a new era of energy and environment policy for the United States. Obama expressed his intention to shift the U.S. away from petroleum as its primary energy source and towards alternative renewable energy sources, advanced biofuels and efficient, low greenhouse-gas-emitting technologies.
The key policy initiatives involve caps on emissions such as carbon dioxide and auctioning of greenhouse gas credits to motivate a fundamental shift from high emitting industries to low-carbon energy alternatives. Obama has stated that the policy would be broader than any other cap and trade system proposed or in place to date in the world.
