Obama plans on raising the money through progressive taxation (top heavy taxing of richer people while leaving poorer familys at a lower level so they can still maintain a decent standard of living) plus going through the federal budget and making sure any money being allocated to a cause is working, and if not fixing it (or shutting the program down).
That, (plus federal stimulus bailout money obviously) is how we hope to offset carbon emissions (alkso, renewable energy should reduce our carbon emissions as well which is part of the federal stimulus bill).
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