Download
HTML Embed
HTML EMBED
Click to Copy

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Tech
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Make Me Smart with Kai and Molly
The New Petro-State?

Obama on climate change: It’s the economy, stupid

Scott Tong Jun 25, 2013
Share Now on:
HTML EMBED:
COPY

President Obama gave a speech on climate change today — but he didn’t focus exclusively on the environment. Instead, he spent a lot of time talking about the economy.

It’s all part of a broader effort to change the nature of the economic conversation in the country. Right now, there’s a focus on short term recovery and jobs. But the president said he hopes to introduce climate change as a way to shift into a longer conversation that considers what a low-carbon economy could look like in 2050.

And according to his speech, the roadmap to get us there involves a lot of natural gas.  

“Coal is on the retreat right now and natural gas is incredibly abundant and very low cost,” said Dan Kammen, a professor at University of California, Berkeley. “So swapping coal out and natural gas in is strategic because it demonstrates that these transitions are possible.”

And from there we could transition into renewable energy sources. The President offered no specifics on how he would go about cutting carbon emissions.

Republicans are already calling it an energy tax. And it probably won’t be long before the coal companies do too — their stocks took a big hit after the speech.

Fall of the Berlin Wall
Fall of the Berlin Wall
The financial lessons of Germany's reunification 30 years ago.  
Check Your Balance ™️
Check Your Balance ™️
Personal finance from Marketplace. Where the economy, your personal life and money meet.

You + Kendeda =
Triple the Impact!

 

Give NOW to make your gift go three times as far!