President-elect Barack Obama wants to spend $150 billion over the next decade to promote energy from the sun, wind and other renewable sources as well as energy conservation. Plans include raising vehicle fuel-economy standards and subsidizing consumer purchases of plug-in hybrids. Obama wants to weatherize 1 million homes annually and upgrade the nation’s creaky electrical grid. His team has talked of providing tax credits and loan guarantees to clean-energy companies.

Why Obama’s green jobs plan might work – Los Angeles Times.