Energy economy

In one of his recent addresses after becoming president, Obama declared that, ‘No single issue is as fundamental to our future as energy!’ That is what we believe too. How are we addressing the challenge? Are we taking up enough measures?

A look at Obama’s ‘bold action’ to create a new American energy economy could be worth it. The American Recovery and Reinvestment Plan is expected to put 460,000 Americans to work, with clean energy investments and double the capacity to generate alternative energy over the next three years. Double renewable energy in three years. Isn’t that worth following?

New fuel standards to reduce dependency on foreign oil which mean a 40 percent increase in fuel efficiency is expected to save 2 million barrels of oil daily!

He went on to call for a global coalition to ‘protect our climate and our collective security. I've made it clear that we will act, but so too must the world.’ And that's how Obama plans to ‘ensure that nations like China and India are doing their part, just as we are now willing to do ours.’

Clearly, there is hint of ratifying Kyoto protocol if India and China go along. Will they? Should they? What do you think?

What recovery plan does India have?