Obama has committed the U.S. to formal climate change negotiations, something the incumbent has dragged his feet and knuckles on for years.
Speaking via satellite to a group of world leaders, Obama said he unfortunately would not be able to attend the next round of formal U.N. Climate talks next month in Poland.
But the only reason is because he isn't the president. We still have sixty-some shameful days to go for that. Otherwise, Obama said, he would be there to offer his full participation and cooperation.
Here's an excerpt from his statement:
Let me also say a special word to the delegates from around the world who will gather in Poland next month: your work is vital to the planet. While I won't be president at the time of your meeting and while the United States has only one president at a time, I've asked members of Congress who are attending the conference as observers to report back to me on what they learn there. And once I take office, you can be sure that the United States will once again engage vigorously in these negotiations, and help lead the world toward a new era of global cooperation on climate change.
Those words commit the U.S. to once again taking a leading role in the fight against climate change.
Now, with the leader of the Free World ready to take serious action—instead of point fingers—many things are about to change.
First of all, we'll no longer be the black bitch-ass sheep that whines about China and India while failing to take responsibility for our own actions. That should serve to remove the stigma that has been surrounding us in the international community for over 2,500 days now.
It also puts to U.S one step closer to accepting or creating some type of carbon control mechanism, either by joining on to Kyoto or establishing our own cap-and-trade system or carbon tax.
Putting a price on carbon creates a more level playing field for clean technology because it means a true price will finally be applied to the use of fossil fuels.
Rejoice my friends and fellow investors, this is just one in a litany of announcements and policy changes that the new administration will bring.