Polluters pay under Obama's 'green' budget

Mon, Mar 2, 2009

Global Warming

TerraDaily
By Staff Writers

Barack Obama hopes to raise some 80 billion dollars each year beginning in 2012 by imposing market-based limits on climate-warming gases, according to the president's draft budget released Thursday.

The potentially groundbreaking program -- similar to one already in place in Europe -- would rev up US efforts to global warming by reducing the output of carbon dioxide and other gases blamed for global warming, at the same time raising direly-needed revenue for the depleted US Treasury.

Tags: Barack Obama, Environment, Greenhouse gas, W.S.2010 Budget, Emissions, Cap and Trade