President Obama on climate change and global warming
Climate change is the one of the biggest issues of this generation, and we have to meet this challenge by driving smart policies that lead to greater growth in clean energy generation and result in a range of economic and social benefits. Since taking office I have established historic standards limiting greenhouse gas emissions from our vehicles for the first time in history. My administration has made unprecedented investments in clean energy, proposed the first-ever carbon pollution limits for new fossil-fuel-fired power plants and reduced carbon emissions within the Federal Government. Since I took office, the U.S. is importing an average of 3 million fewer barrels of oil every day, and our dependence on foreign oil is at a 20-year low. We are also showing international leadership on climate change, reaching historic agreements to set emission limits in unison with all major developed and developing nations. There is still more to be done to address this global problem. I will continue efforts to reduce our dependence on oil and lower our greenhouse gas emissions while creating an economy built to last.
That is why we have set a goal of reducing our greenhouse gas emissions 80 percent below 1990 levels by 2050. It takes harnessing the best science and technology and ensuring evidence-based policy decisions. To get there, OSTP and the Obama Administration will: Implement a market-based cap-and-trade system