by Larry Smith
Will the global economic slump set back efforts to promote green energy? Well, there is one significant source of optimism in this regard—the new American president, Barack Obama.
Although the short-term outlook for clean energy may be poor, Obama acknowledged in his inaugural address last week that "each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet."
He has pledged strong support for a clean energy economy in America, by doubling the production of alternative energy in three years and implementing a nationwide carbon market to cut the greenhouse gases produced by fossil fuels. In the process, he promises to reassert US leadership on global climate policy.