President Obama's address to a joint session of Congress on February 24 (Photo by Pete Souza, courtesy of the White House)
President Barack Obama outlines his budget tonight before a joint-session of Congress. Lester Graham reports many people will be watching for more investment in what’s be called the “green recovery”:
Transcript
President Barack Obama outlines his budget tonight before a joint-session of Congress. Lester Graham reports many people will be watching for more investment in what’s be called the “green recovery”:
The stimulus package includes money for making government buildings and some homes more energy efficient… and pursuing alternative energy such as wind and solar power.
Robert Heilmayr is a research analyst with World Resources Institute. He says so far the Obama administration has recognized there are long term payoffs in green investments.
“The key next step that I think is missing and I’ll really be paying attention to as Obama addresses Congress is whether he recognizes the stimulus is only the first step, that comprehensive energy and climate policy is necessary and should be a priority moving forward as a follow-up to the stimulus is a big question.”
Heilmayr says the long-term savings in energy conservation will help businesses and everyone else by keeping fuel prices lower in the short-term and give us a step up when the world markets start taking greenhouse gas emissions seriously.
For The Environment Report, this is Lester Graham.