FOR IMMEDIATE RELEASE

Contact: Tony Kreindler, EDF, 202-210-5791 (cell), or 202-572-3378 (w)

(Washington—November 18, 2008) President-elect Obama got it exactly right: the effort to create millions of jobs and restore American leadership will “start with a federal cap and trade system.” His approach to dealing with our economic, energy, and environmental problems together makes a huge amount of sense. He’s clearly rejecting the timid, business-as-usual approach that often keeps Washington from solving our biggest problems. His plan – to reduce emissions to their 1990 levels by 2020 and an additional 80% by 2050 – will jump-start job creation in new energy industries, and take a huge step toward solving climate change. We strongly applaud President-elect Obama’s statement today, and his leadership on this issue.

About Environmental Defense Fund

A leading national nonprofit organization, Environmental Defense Fund represents more than 500,000 members. Since 1967, Environmental Defense Fund has linked science, economics, law and innovative private-sector partnerships to create breakthrough solutions to the most serious environmental problems. For more information, visit edf.org

One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund