FACTBOX: Green side of presidential candidates

WASHINGTON (Reuters) - Although gasoline prices are falling, the environment and energy independence are still hot topics in the U.S. presidential race.

Calls for energy independence are touted from both Democratic hopeful Barack Obama and John McCain of the Republican party. The following outlines the plans by both candidates on renewable energy:

OBAMA

* Establish a federal renewable fuel standard that requires 10 percent of electricity to come from clean energy sources by 2012. Solar, wind and geothermal energy will be used.

* Extend the federal Production Tax Credit for five years.

* $150 billion over 10 years for plug-in hybrids, clean coal, renewable energy, energy efficiency and other elements essential to a clean energy economy.

* Investments will help generate 5 million new green jobs in the private sector that cannot be outsourced.

* $1 billion per year grant program to modernize manufacturing and ensure workers have the skills and tools needed to create and operate green technologies of the future.

* Develop next generation biofuels.

* Create a National Low Carbon Fuel Standard that in 2010 will require a 5 percent drop in carbon in fuel within five years and 10 percent drop within 10 years.

* Increase fuel economy standards by 4 percent each year.

* Invest in research and development of plug-in hybrids, flex-fuel vehicles and advanced battery technology.

* Put 1 million plug-in electric vehicles on road by 2015.

* $4 billion retooling tax credits and loan guarantees for U.S. auto plants and parts manufacturers so new fuel efficient vehicles can be built in the United States.

* $7,000 tax credit to consumers that purchase advanced technology vehicles.

* A cap-and-trade system where industry pays for emissions by auctioning off all pollution credits.