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Environment Green Energy Policy outlook

-   in other words- in providing electricity, replacing fossil fuel use, and curbing the growing craze for power transmission  equipment. But in terms of awareness, adoption and implementation of   greenenergy imperatives, the United  States, in a substantial measure, lagged behind the West European   counterparts and Japan, who took giant strides in implementing   geen energy technologies and policies. Unfortunately, America is ranked as   low as the 22nd energy efficient counties. Surprisingly, since the early seventies  our electricity consumption had tripled. Our ineffective middle-east policies and  oil-politics, had thrust us in perpetual war-games, and made us nonchalant   about the impending long-run hazards of mankind. Also, the responsibiliy of failure rests on partisanship,special interest advocacy groups and ineffective political rhetorics of the past regime.     During pre-election campaign President Obama had been very critical about our flawed energy policies, and his much-advertized vision for energy policy had placed the significance and exigency of green energy policiesat the forefront. His draft policy substantially emphasized the  salient efficacies of the  The short-term solutions, as propagated by President Obama  in his campaign, focus basically on providing some immediate relief to the  consumers from soaring energy costs. He talked about extending emergency energy  rebate to the households "by requiring the oil companies to take  reasonable share of their record- breaking windfall profits and use it to  provide direct relief worth $500 for an individual and $1,000 for a married  couple."Other short-term prescriptions included initiation of regulatory  measures to plug the loopholes in Commodity Futures Trading Commission, so as  to control excessive oil-price speculation. The campaign also recommended to  "swap light and heavy crude, release oil from Strategic Petroleum Reserve (SPR) to cut process."     The mid-to-long-term solutions outlined in the campaign release, emphasized heavily on adoption and implementation of green energy .The areas of emphasis encompassed "two major energy challenges - our dependence on foreign oil and global climate change - both of which stem from  our current dependence on fossil fuels for energy." On enhancing  self-reliance on energy and tackling climatic change, the measures propagated,  include (i) Implementation of an economy-wide  cap-and-trade system to significantly reduce carbon emissions (ii) Invest in the and creating about 5 million new jobs in related  areas,(iii)Making vehicles energy efficient,(iv)Increase the supply of  domestic energy,(v) Diversify our sources of energy, with primary emphasis on  green energy sources, and finally (vi) Promote commitment to energy efficiency  with a view to lowering energy usage and costs.     The campaign had some great things on   green energy  initiatives. it stated that a federal Renewable Portfolio Standard (RPS) would  be set up to require that 10 percent of electricity consumed in the U.S. is  derived from green energy- i.e. clean, sustainable energy sources like solar, wind and  geothermal by 2012.We noticed his strong advocacy for developing and deploying  clean coal technology, because Carbon capture and storage technologies hold  enormous potential to reduce greenhouse gas emissions as we propel our economy  with domestically produced green energy. It outlined the need for developing  the next generation of sustainable bio-fuels and providing suitable  infrastructure for  growth.   It recognized, "advances in bio-fuels, including cellulosic ethanol,biobutenol and other   new technologies that produce synthetic petroleum from sustainable feed stocks offer tremendous   potential to break our addiction to oil."     Now, any  , irrespective of any party color, may raise the question- what is the  progress, or where the current administration stands in terms of fulfilling the  promises? The answer is, now it is too early for performance analysis. There is definitely a laundry-list of priorities that the current administration is exhaustively engaged in. It obviously includes,as the primary focus, the gigantic  tasks of reforming the banking and financial sectors to arrest the economic  down-turn. The next is the healthcare reform which is  currently gaining heavy momentum, with Obama spearheading and pushing hard on  it. But truly, energy policy reform does occupy a significant position in the  list of priorities. We can patiently wait and see.
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