The candidates agree on the need to reduce dependence on foreign oil and cut greenhouse gases. Both support a carbon "cap-and-trade" system where companies either pay to pollute or invest in cleaner technology.
![](http://i.cdn.turner.com/money/galleries/2008/news/0806/gallery.election_issues/images/john_mccain_65x75.jpg)
· Work to reduce carbon emissions 60% below 1990 levels by 2050.
· Use mix of free market, government incentives and a lower corporate tax rate to foster renewable energy.
· Lift ban on
offshore drilling.
· Commit $2 billion annually to advance clean coal technologies.
· Construct
45 new reactors by 2030 as part of a push to expand nuclear power production.
"...When it comes to energy, what we really need is to produce more, use less, and find new sources of power." --
McCain*
![](http://i.cdn.turner.com/money/galleries/2008/news/0806/gallery.election_issues/images/senator_barack_obama_65x75.jpg)
· Work to reduce carbon emissions 80% below 1990 levels by 2050.
· Invest
$150 billion in renewable energy over the next 10 years.
· Allow
limited amount of offshore drilling.
· Require that 10% of nation's energy comes from renewable sources by 2013.
· Aim to reduce nation's demand for electricity 15% by 2020.
"To bring about real change, we're going to have to make long-term investments in clean energy and energy efficiency." --
Obama**