Schwarzenegger tells U.N.: Green rules help markets

POZNAN, Poland (Reuters) - Green regulations will help both the environment and ailing economies, California's Governor Arnold Schwarzenegger told a 187-nation U.N. climate conference on Monday.

"Of course, there are some people who say that we can't afford the fight against global warming while our economies are down," he said in a video message on the sidelines of the December 1-12 U.N. meeting in Poznan, western Poland.

"But the exact opposite is true," he said.

California, which is the world's fifth biggest economy on its own, has been leading other U.S. states in the fight against climate change.

"The green rules and regulations that will help save our planet will also revive our economies," the governor aid.

Schwarzenegger tells U.N.: Green rules help markets
Tue, 09 Dec 2008 13:52:09 GMT

Technorati Tags: Schwarzenegger,Poland,green economy

Obama proposal ties economic stimulus to energy plan

By JOHN M. BRODER

WASHINGTON — President-elect Barack Obama and leaders in Congress are fashioning a plan to pour billions of dollars into a jobs program to jolt the economy and lay the groundwork for a more energy-efficient one.

The details and cost of the so-called green-jobs program are still unclear, but a senior Obama aide, speaking on the condition of anonymity to discuss a work in progress, said it would probably include the weatherizing of hundreds of thousands of homes, the installation of “smart meters” to monitor and reduce home energy use, and billions of dollars in grants to state and local governments for mass transit and infrastructure projects.

The green component of the much larger stimulus plan would cost at least $15 billion a year, and perhaps considerably more, depending on how the projects were defined, aides working on the package said.

Proposal Ties Economic Stimulus to Energy Plan

Published: December 3, 2008

Technorati Tags: Obama,green economy,renewable energy,Schwarzenegger