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President Obama's Budget Proposal Would Make Key Climate Investments





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President Obama released his Fiscal Year 2012 budget request that will invest in global efforts to reduce carbon pollution, tap into the growing global demand for clean energy, and make countries more resilient to the impacts of global warming.  It takes a scalpel to the international funding at a time when we need more international climate funding, not less.  But the President’s budget invests in efforts that benefit Americans, while the recent House Republican proposal would gut programs that help America compete and protect its citizens from the damages of carbon pollution.  One budget invests in what is needed, the other turns a blind eye to the opportunities and challenges that are in front of us.      
The President’s budget would (full details here):
Invest in clean energy development and deployment in the developing world. As the President’s budget request states:
In addition to investing at home to create and deploy clean energy technologies, the President’s budget would help create the global demand and market conditions for clean energy deployment throughout the world.  The budget would propose $652 million for efforts to speed up the deployment of clean energy technologies throughout the world. This is a small investment in an effort which could create up to 850,000 American jobs.  After all, this investment unleashes much larger private sector investment so small, targeted investments can reap much larger benefits to the US.  Continued...

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