We need to reduce our dependence on foreign oil by ending the subsidies for oil companies, and doubling down on clean energy that generates jobs and strengthens our security.
A low-carbon, clean energy economy can be an engine of growth for decades to come.
Together, we could open up government and invite citizens in, while connecting all of America to 21st century broadband. We could use technology to help achieve universal health care, to reach for a clean energy future, and to ensure that young Americans can compete - and win - in the global economy.
We need scientists to design new fuels. We need farmers to help grow them. We need engineers to invent new technologies. We need entrepreneurs to sell those technologies. We need workers to operate assembly lines that hum with high-tech, zero-carbon components. We need builders to hammer into place the foundations for a clean energy age. We need diplomats and businessmen and women, and Peace Corps volunteers to help developing nations skip past the dirty phase of development and transition to sustainable sources of energy. In other words, we need you.
We've subsidized oil companies for a century. That's long enough. It's time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.
Some technologies don't pan out; some companies fail. But I will not walk away from the promise of clean energy. ... I will not cede the wind or solar or battery industry to China or Germany because we refuse to make the same commitment here.
In sectors like energy, I haven't been arguing for more spending per se; I've been arguing that it doesn't make sense for us to spend $4 billion subsidizing an oil industry that's mature and very profitable. We should be using that money to finance clean energy of the future.
The nation that leads the clean energy economy will be the nation that leads the global economy.
As long as countries like China keep going all in on clean energy, so must we.
I know that there are those who disagree with the overwhelming scientific evidence on climate change. But here's the thing -- even if you doubt the evidence, providing incentives for energy-efficien cy and clean energy are the right thing to do for our future -- because the nation that leads the clean energy economy will be the nation that leads the global economy. And America must be that nation.
If we [American nation] are only thinking about tomorrow or the next day and not thinking about 10 years from now, we're not going to control our own economic future, because China, Germany - they're making these [clean energy] investments. And I'm not going to cede those jobs of the future to those countries. I expect those new energy sources to be built right here in the United States.
The more we are using clean energy, renewable energy sources, the less environmentally problematic facilities end up being a problem for everybody, but particularly for folks who have to suffer the consequences of some of these facilities.
We've taken bold action at home by making historic investments in renewable energy, by putting our people to work increasing efficiency in our homes and buildings, and by pursuing comprehensive legislation to transform to a clean energy economy.
Both of our nations [America and Germany] were proud to join the Paris Climate Agreement which the world should work to implement quickly. Continued global leadership on climate in addition to increasing private investment and clean energy is gonna be critical to meeting this growing threat.
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