The plan aimed to: These solutions were meant to help Americans through the immediate crisis when energy prices were high. • The first solution would be to provide emergency energy rebates. This would be achieved by requiring oil companies to take a share of their profits and provide relief worth $500 per individual and $1000 per couple to help families cope with the rising gas and electricity prices. • The second solution would be to enact legislation to prevent oil companies from unfairly raising prices. • The third solution would be to release oil from the
Strategic Petroleum Reserve. Obama and Biden supported releasing oil from the reserve and replacing it with oil that would benefit Americans in the long term while lowering oil prices.
Mid- to long-term solutions The New Energy for America plan offered six mid to long-term solutions. Taken together, these proposals would help resolve the issue of global climate change and ensure America became less dependent on foreign oil. • Deal with climate change by implementing a
cap-and-trade program to reduce greenhouse gas emissions, and developing a similar global program with the
United Nations Framework Convention on Climate Change (UNFCCC). • Investing in a secure energy future, • (1) by investing $150 billion over ten years to develop 5 million new green jobs, • (2) by creating a new “Green Vet Initiative” that would help military veterans enter the new energy economy, • (3) by converting manufacturing companies into centers that would help Americans learn skills related to producing new energy products, and • (4) by directing funds to federal workplace training programs that would be centered on green technology, advanced manufacturing, and weatherization training. • Make cars, trucks, and SUVs fuel-efficient by increasing fuel economy standards by 4% every year. There would also be a greater number of fuel-efficient vehicles by giving domestic automakers $4 billion retooling tax credits and loan guarantees. Congress and auto companies would work to ensure that all new vehicles have
FFV capability of running on clean alternative fuel and to establish a national
Low Carbon Fuel Standard (LCFS) that would introduce low-carbon non-petroleum fuels. • Promote domestic energy supply by making oil companies drill in open areas on land they already have access to - or make them sell to another company that will. America would also prioritize constructing the
Alaska Gas Pipeline and getting more oil from existing oil fields within the US. • Diversify America's energy sources by • (1) requiring 10% of electricity consumed in the US to come from clean energy sources by 2012, • (2) developing and commercializing
clean coal technology, and • (3) securing
nuclear power and making sure waste from reactor sites is contained. • Reduce energy use and costs by • (1) implementing a program that would work to reduce electricity usage, • (2) providing more resources to the
Department of Energy so they stop missing deadlines that have cost Americans millions of dollars, • (3) reducing federal energy consumption, • (4) requiring states to conduct proceedings that implement incentive changes and offer assistance to utility companies, • (5) investing in a
Unified Smart Grid to better transmit and monitor energy, and lavishly funding
LIHEAP so that it will give heating assistance to low-income families during the winter, and • (6) investing in repairing roads and bridges while encouraging public transportation. == Implementation ==