WASHINGTON Jan 13 Global warming threatens the
future and the incoming Obama administration will take steps to
address the problem, Steven Chu, President-elect Barack Obama's
pick to be U.S. energy secretary, told lawmakers on Tuesday.
"Climate change is a growing and pressing problem. It is
now clear that if we continue on our current path, we run the
risk of dramatic, disruptive changes to our climate in the
lifetimes of our children and grandchildren," Chu said at his
confirmation hearing before the Senate Energy and Natural
Chu said the Obama administration will seek to impose a
cap-and-trade system to cut greenhouse gas emissions. Under
such a system, power plants, oil refineries and other
industrial facilities would have to buy and sell pollution
permits to spew global warming emissions.
Sen. Jeff Bingaman, who heads the Senate panel, said he
hopes the committee will approve Chu's nomination later this
week and then the full Senate will confirm him next Tuesday.
(Editing by Jim Marshall)