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Barack Obama and Joe Biden's Plan
• Invest In A Clean Energy Economy And Create 5 Million New Green Jobs:
o Obama and Biden will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial scale renewable energy,
o invest in low emissions coal plants, and begin transition to a new digital electricity grid.
o The plan will also invest in America's highly-skilled manufacturing workforce and manufacturing centers to ensure that American workers have the skills and tools they need to pioneer the first wave of green technologies that will be in high demand throughout the world.
• Obama and Biden will also create an energy-focused youth jobs program to invest in disconnected and disadvantaged youth.
• Boost the Renewable Energy Sector and Create New Jobs:
o The Obama-Biden plan will create new federal policies, and expand existing ones, that have been proven to create new American jobs.
o Obama and Biden will create a federal Renewable Portfolio Standard (RPS) that will require 25 percent of American electricity be derived from renewable sources by 2025, which has the potential to create hundreds of thousands of new jobs on its own.
o Obama and Biden will also extend the Production Tax Credit, a credit used successfully by American farmers and investors to increase renewable energy production and create new local jobs.