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My budget includes $150 billion over 10 years to invest in sources of renewable energy as well as energy efficiency.  It supports efforts at NASA, recommended as a priority by the National Research Council, to develop new space-based capabilities to help us better understand our changing climate.

And today, I'm also announcing that for the first time, we are funding an initiative -- recommended by this organization -- called the Advanced Research Projects Agency for Energy, or ARPA-E.  (Applause.)

This is based, not surprisingly, on DARPA, the Defense Advanced Research Projects Agency, which was created during the Eisenhower administration in response to Sputnik.  It has been charged throughout its history with conducting high-risk, high-reward research.  And the precursor to the Internet, known as ARPANET, stealth technology, the Global Positioning System all owe a debt to the work of DARPA.

So ARPA-E seeks to do the same kind of high-risk, high-reward research.  My administration will pursue, as well, comprehensive legislation to place a market-based cap on carbon emissions.  We will make renewable energy the profitable kind of energy.  We will put in place the resources so that scientists can focus on this critical area.  And I am confident that we will find a wellspring of creativity just waiting to be tapped by researchers in this room and entrepreneurs across our country.  We can solve this problem.  (Applause.)

Now, the nation that leads the world in 21st century clean energy will be the nation that leads in the 21st century global economy.  I believe America can and must be that nation.  But in order to lead in the global economy and to ensure that our businesses can grow and innovate, and our families can thrive, we're also going to have to address the shortcomings of our health care system.

The Recovery Act will support the long overdue step of computerizing America's medical records, to reduce the duplication, waste and errors that cost billions of dollars and thousands of lives.

But it's important to note, these records also hold the potential of offering patients the chance to be more active participants in the prevention and treatment of their diseases.  We must maintain patient control over these records and respect their privacy.  At the same time, we have the opportunity to offer billions and billions of anonymous data points to medical researchers who may find in this information evidence that can help us better understand disease.

History also teaches us the greatest advances in medicine have come from scientific breakthroughs, whether the discovery of antibiotics, or improved public health practices, vaccines for smallpox and polio and many other infectious diseases, antiretroviral drugs that can return AIDS patients to productive lives, pills that can control certain types of blood cancers, so many others. 

Because of recent progress –- not just in biology, genetics and medicine, but also in physics, chemistry, computer science, and engineering –- we have the potential to make enormous progress against diseases in the coming decades.  And that's why my administration is committed to increasing funding for the National Institutes of Health, including $6 billion to support cancer research -- part of a sustained, multi-year plan to double cancer research in our country.  (Applause.)

Next, we are restoring science to its rightful place.  On March 9th, I signed an executive memorandum with a clear message: Under my administration, the days of science taking a back seat to ideology are over.  (Applause.)  Our progress as a nation –- and our values as a nation –- are rooted in free and open inquiry.  To undermine scientific integrity is to undermine our democracy.  It is contrary to our way of life.  (Applause.) 

That's why I've charged John Holdren and the White House Office of Science and Technology Policy with leading a new effort to ensure that federal policies are based on the best and most unbiased scientific information.  I want to be sure that facts are driving scientific decisions -- and not the other way around. (Laughter.)

As part of this effort, we've already launched a web site that allows individuals to not only make recommendations to achieve this goal, but to collaborate on those recommendations.  It's a small step, but one that's creating a more transparent, participatory and democratic government.

We also need to engage the scientific community directly in the work of public policy.  And that's why, today, I am announcing the appointment -- we are filling out the President's Council of Advisors on Science and Technology, known as PCAST, and I intend to work with them closely.  Our co-chairs have already been introduced -- Dr. Varmus and Dr. Lander along with John.  And this council represents leaders from many scientific disciplines who will bring a diversity of experiences and views. And I will charge PCAST with advising me about national strategies to nurture and sustain a culture of scientific innovation.

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