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Keeping America competitive requires reliable, affordable, and clean supplies of energy.
Over the past five years, my Administration has taken steps to increase the domestic supply of energy, including alternative and renewable sources.
We will also fund additional research in cutting-edge methods of producing ethanol, not just from corn, but from wood chips, stalks, or switch grass.
By 2017, the renewable fuel and fuel efficiency components of the plan would cut annual emissions from cars and light trucks by as much as 10 percent, about 175 million metric tons – equal to zeroing out the annual emissions of 26 million automobiles.
The plan could cumulatively prevent the buildup of more than 600 million metric tons of carbon dioxide emissions.
For the sake of our economic and national security, we must reduce our dependence on foreign sources of energy – including on the natural gas that is a source of electricity for many American homes and the crude oil that supplies gasoline for our cars. To achieve this objective, we will take advantage of technology. My Advanced Energy Initiative provides for a 22-percent increase in funding for clean-energy technology research at the Department of Energy.
To change how we power our homes and offices, we will invest more in zero-emission coal-fired plants, revolutionary solar and wind technologies, and clean, safe nuclear energy. To change how we power our automobiles, we will increase our research in better batteries for hybrid and electric cars and in pollution-free cars that run on hydrogen.
We have also worked to improve energy efficiency and to make our energy infrastructure more secure and reliable.