We have a short window of time to dramatically cut the greenhouse gases that cause global warming. I have laid out a plan to cut U.S. carbon pollution by at least 40 percent by 2030 and 80 percent by 2050 from 1990 levels by establishing a tax on carbon, aggressively implementing energy efficiency efforts, quickly moving away form fossil fuels, and deploying historic levels of new renewable energy like wind, solar, and geothermal. This is an absolutely and necessarily achievable goal. It is also a huge opportunity in terms of strengthening our economy and creating jobs.
Energy efficiency truly is a win-win-win in the fight against climate change, in terms of reducing energy use, saving consumers money, and creating jobs.
While carbon dioxide accounts for 81% of greenhouse gas emissions, it is not the sole problem. Methane, which is released during the extraction and combustion of natural gas, oil, and coal, accounts for 11% of greenhouse gas emissions. Nitrous oxide--a by-product of fossil fuel combustion--accounts for 6%.
The results of dumping these heat-trapping gases into the atmosphere year after year are frighteningly clear. The year 2015 was the hottest year on record, and 2016 is on pace to be hotter still. July 2016 was the hottest month ever recorded on the planet. Thirteen of the fifteen hottest years have occurred since the year 2000.
One of the best ways to incentivize the development of renewable energy is by expanding federal investment and production tax incentives for building new energy-generation projects. The solar investment tax credit (ITC) is an up-front credit equal to 30 percent of the cost of building a commercial or residential solar project, and the production tax credit (PTC) is a $0.023/kWh credit taken over ten years by wind, geothermal, and closed-loop biomass projects based on the amount of energy actually produced.
In just forty-eight hours, as a direct response to that ugly attack, our donors contributed $1.2 million into the campaign, with an average contribution of $23. In an e-mail thanking our contributors I stated: "I hope that sends a very clear message that the American people are sick and tired of politics as usual and negative campaigning."
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| 2020 Presidential contenders on Energy & Oil: | |||
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Republicans:
Gov.John Kasich(OH) V.P.Mike Pence(IN) Pres.Donald Trump(NY) Gov.Bill Weld(MA) |
Democrats:
Sen.Michael Bennet (D-CO) V.P.Joe Biden (D-DE) Gov.Steve Bullock (D-MT) Mayor Pete Buttigieg (D-IN) Sen.Cory Booker (D-NJ) Secy.Julian Castro (D-TX) Mayor Bill de Blasio (D-NYC) Rep.John Delaney (D-MD) Rep.Tulsi Gabbard (D-HI) Sen.Kirsten Gillibrand (D-NY) Sen.Mike Gravel (D-AK) Sen.Kamala Harris (D-CA) Gov.John Hickenlooper (D-CO) Gov.Larry Hogan (D-MD) Gov.Jay Inslee (D-WA) Sen.Amy Klobuchar (D-MN) Rep.Seth Moulton (D-MA) Rep.Beto O`Rourke (D-TX) Rep.Tim Ryan (D-CA) Sen.Bernie Sanders (I-VT) Rep.Eric Swalwell (D-CA) Sen.Elizabeth Warren (D-MA) Marianne Williamson (D-CA) CEO Andrew Yang (D-NY) 2020 Third Party Candidates: Gov.John Kasich (R-OH) V.P.Mike Pence (R-IN) Howard Schultz(I-WA) Pres.Donald Trump (R-NY) V.C.Arvin Vohra (L-MD) Gov.Bill Weld (L-MA) | ||
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