Obama details $150 billion clean energy investments, cap-and-trade revenues: free download of budget plan

In Washington, President Obama released an outline of his proposed 2010 budget, including an outlined 10-year, $150 billion investment in clean energy, funded by the sale of greenhouse gas emissions credits. The proposed GHG emissions program will reduce U.S. GHG emissions to 14% below 2005 levels by 2020 and to 83% below 2005 levels by 2050.

Under the cap-and-trade system, GHG emissions credits would be auctioned, and generate $78.7 billion in additional revenue in FY 2012, increasing to $83 billion by FY 2019. $15 billion will go towards clean energy investment while the remainder is directed towards a tax cut.  The budget is freely downloadable from Biofuels Digest BIZ center (Biofuels Information Zone).

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