During his March 29 visit to the privately built and financed PortMiami tunnel project, President Obama unveiled a new infrastructure plan. His latest proposal---costing $21 billion--- includes a renewed call for a National Infrastructure Bank capitalized at $10 billion, a $7 billion "America Fast Forward Bonds" program modeled after the former Build America Bonds; and a sum of $4 billion in direct loans and loan guarantees. read more »
It wasn't that long ago that the U.S. was cast as the global climate villain, refusing to sign the Kyoto accord while Europe implemented cap and trade.
But, as we note below in a new article for Yale360, a funny thing happened: U.S. emissions started going down in 2005 and are expected to decline further over the next decade, while Europe's cap and trade system has had no measurable impact on emissions. Even the supposedly green Germany is moving back to coal. read more »