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Now that the Democratic Party has a presumptive nominee, it’s time to take a closer look at Sen. Barack Obama’s energy plan and how he intends to use the office of the president to accelerate our transition to a greener economy. We profiled Sen. John McCain’s energy plan earlier, and since energy will almost certainly not get as much debate time as Iraq, health care or the economy, we encourage you to compare McCain’s and Obama’s plans and comment below. (The Wall Street Journal has an interesting article on the comparison this morning.)

High oil prices have a clear economic effect. But for highly indebted, impoverished countries, climate change, fueled significantly by CO2 emissions from cars and other gas-guzzling vehicles in the North, will have serious ecological, social and economic impacts as well.

Says Saul, “A key way to transition away from dependence on oil is through debt cancellation. Countries need fiscal space in order to invest in the post-fossil fuel economy — but the debt trap keeps countries from meeting a wide variety of social needs.”