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Obama promises reduction of greenhouse gas emissions

President elect Barack Obama recognizing the need for urgent measures to tackle global warming promised to take strict action by setting a limit on greenhouse gases. This was his first speech given by him on Tuesday addressing the issue of global warming since he was elected President.

This was unexpected as most people did not expect him to take up a complex and sensitive issue like this early. On the contrary however, Obama called for swift action in dealing with the issue as evident with his speech at the Beverley Hills Global Climate Summit on Tuesday.

He commented that there was no chance of a delay as it was not even an option and the time has come to take up this challenge. He also said that denying the issue will only lead to serious consequences.

As promised in his campaign Obama is well on his way to create a system which will help control carbon dioxide emissions. It will also become mandatory for companies to pay for their gas emissions.

$15 billion from the money collected from such companies will be utilized towards producing alternate energy each year according to Obama. This will also result in the creation of jobs in this crisis ridden times in the nuclear, wind and solar energy sectors.

According to Obama, doing this will ensure jobs which cannot be outsourced for at least 5 million people apart from transforming industries and the country can partly come out of the economic crisis. His plan was welcomed by many including Senator Arnold Schwarzenegger.

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