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New York TimesPresident-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....
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That means that the green-jobs program would not be financed with pollution credits bought by power generators and other carbon emitters, but instead would be added to the budget deficit.
Congressional officials working with the Obama administration said the stimulus program was also likely to involve tax breaks or direct government subsidies for a variety of clean energy projects, including solar arrays, wind farms, advanced biofuels and technology to capture carbon dioxide emissions from coal-burning power plants....
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The Obama team and Congressional leaders say they want a plan ready shortly after Congress reconvenes in January....
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http://www.nytimes.com/2008/12/04/us/politics/04green.html?pagewanted=all
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