2013 could be 'climate game-changer'

An ice sculpture entitled 'Minimum Monument' by Brazilian artist Nele Azevedo outside Berlin's Concert Hall, September 2, 2009.

STORY HIGHLIGHTS

• The "neglected" risk of climate change seems to be rising to the top of leaders' agendas


• Extreme weather events are costing the global economy billions of dollars each year


• Gas can be an important bridge to a lower carbon future but it's not the answer


• More investment in renewable energy is needed, with fewer risks

Editor's note: Andrew Steer is President and CEO of the World Resources Institute, a think tank that works with governments, businesses and civil society to find sustainable solutions to environmental and development challenges.

(CNN) -- As leaders gather for the World Economic Forum in Davos, signs of economic hope are upon us. The global economy is on the mend. Worldwide, the middle class is expanding by an estimated 100 million per year. And the quality of life for millions in Asia and Africa is growing at an unprecedented pace.

Threats abound, of course. One neglected risk -- climate change -- appears to at last be rising to the top of agendas in business and political circles. When the World Economic Forum recently asked 1,000 leaders from industry, government, academia, and civil society to rank risks over the coming decade for the Global Risks 2013 report, climate change was in the top three. And in his second inaugural address, President Obama identified climate change as a major priority for his Administration.

Andrew Steer

For good reason: last year was the hottest year on record for the continental United States, and records for extreme weather events were broken around the world. We are seeing more droughts, wildfires, and rising seas. The current U.S. drought will wipe out approximately 1% of the U.S. GDP and is on course to be the costliest natural disaster in U.S. history. Damage from Hurricane Sandy will cost another 0.5% of GDP. And a recent study found that the cost of climate change is about $1.2 trillion per year globally, or 1.6% of global GDP.

Shifting to low-carbon energy sources is critical to mitigating climate change's impacts. Today's global energy mix is changing rapidly, but is it heading in the right direction?

Coal is the greatest driver of carbon dioxide emissions from energy, accounting for more than 40% of the total worldwide. Although coal demand is falling in the United States -- with 55 coal-powered plants closed in the past year -- it's growing globally. The World Resources Institute (WRI) recently identified 1,200 proposed new coal plants around the world. And last year, the United States hit a record-high level of coal exports—arguably transferring U.S. emissions abroad.

Meanwhile, shale gas is booming. Production in the United States has increased nearly tenfold since 2005, and China, India, Argentina, and many others have huge potential reserves. This development can be an economic blessing in many regions, and, because carbon emissions of shale gas are roughly half those of coal, it can help us get onto a lower carbon growth path.

However, while gas is an important bridge to a low carbon future—and can be a component of such a future—it can't get us fully to where we need to be. Greenhouse gas emissions in industrial countries need to fall by 80-90% by 2050 to prevent climate change's most disastrous impacts. And there is evidence that gas is crowding out renewables.

Renewable energy -- especially solar and wind power -- are clear winners when it comes to reducing emissions. Unfortunately, despite falling prices, the financial markets remain largely risk-averse. Many investors are less willing to finance renewable power. As a result of this mindset, along with policy uncertainty and the proliferation of low-cost gas, renewable energy investment dropped 11%, to $268 billion, last year.

What do we need to get on track?

Incentivizing renewable energy investment

Currently, more than 100 countries have renewable energy targets, more than 40 developing nations have introduced feed-in tariffs, and countries from Saudi Arabia to South Africa are making big bets on renewables as a growth market. Many countries are also exploring carbon-trading markets, including the EU, South Korea, and Australia. This year, China launched pilot trading projects in five cities and two provinces, with a goal of a national program by 2015.

Removing market barriers

Despite growing demand for renewable energy from many companies, this demand often remains unmet due to numerous regulatory, financial, and psychological barriers in the marketplace.

In an effort to address these, WRI just launched the Green Power Market Development Group in India, bringing together industry, government, and NGOs to build critical support for renewable energy markets. A dozen major companies from a variety of sectors—like Infosys, ACC, Cognizant, IBM, WIPRO, and others— have joined the initiative. This type of government-industry-utility partnership, built upon highly successful models elsewhere, can spur expanded clean energy development. It will be highlighted in Davos this week at meetings of the Green Growth Action Alliance (G2A2).

De-risking investments

For technical, policy, and financial reasons, risks are often higher for renewables than fossil-based energy. Addressing these risks is the big remaining task to bring about the needed energy transformation. Some new funding mechanisms are emerging that can help reduce risk and thus leverage large sums of financing. For example, the Green Climate Fund could, if well-designed, be an important venue to raise funds and drive additional investments from capital markets. Likewise, multi-lateral development banks' recent $175 billion commitment to sustainable transport could help leverage more funds from the private and public sectors.

Some forward-looking companies are seeking to create internal incentives for green investments. For example, companies like Unilever, Johnson & Johnson, and UPS have been taking actions to reduce internal hurdle rates and shift strategic thinking to the longer-term horizons that many green strategies need.

Davos is exactly the type of venue for finding solutions to such issues, which requires leadership and coalition-building from the private and public sectors. For example, the the G2A2, an alliance of CEOs committed to addressing climate and environmental risks, will launch the Green Investment Report with precisely the goal of "unlocking finance for green growth".

Depending on what happens at Davos—and other forums and meetings like it throughout the year—2013 could just be a game-changer.

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The opinions expressed in this commentary are solely those of Andrew Steer.

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Malaysia citizenship-for-votes probe stirs outrage

KUALA LUMPUR: For years, charges have swirled that a secret Malaysian scheme gave citizenship to huge numbers of illegal migrants in a politically important state in exchange for votes for the ruling coalition.

Now, an inquiry is finally airing detailed allegations that have the government on the defensive ahead of elections that pose the greatest threat yet faced by the ruling bloc that has controlled Malaysia for 56 years.

A Royal Commission of Inquiry opened last week with ex-officials admitting they gave citizenship to Filipinos and Indonesians in resource-rich Sabah, one of two Malaysian states on Borneo island.

One former official said some 100,000 identity cards (ICs) were handed out in 1993 ahead of a crucial state election, Malaysian news reports said. Another admitted signing hundreds of thousands of ICs in the 1990s.

The testimony has revived accusations of treason against former prime minister Mahathir Mohamad, who is alleged to have masterminded the scheme to shore up support for his government.

As head of the ruling Barisan Nasional (BN) coalition, Mahathir dominated Malaysia for 22 years until he resigned in 2003.

Current prime minister Najib Razak is now battling to rally support for the BN ahead of polls he is expected to call within months, in an era when the coalition's power grip has slipped.

But outrage over "Project IC", as the alleged scheme is widely known, is undercutting his claims that the national electoral roll is free of fraud.

The opposition and election-reform advocates allege massive fraud in voter rolls nationwide and have seized on the testimony as proof of government vote-tampering.

"What we are concerned about is that this is still going on. That's what we want to stop," Ambiga Sreenevasan, head of the clean-elections activist coalition known as "Bersih", or "Clean", told a press conference on Tuesday.

The outlines of "Project IC" have been whispered about for three decades and have bolstered the view of Sabah as a reliable "fixed deposit" of votes for the BN to help it weather challenges elsewhere.

The government allegedly targeted Muslims from neighbouring Indonesia and the predominantly Muslim southern Philippines.

More than half of Malaysia's 29 million people are Muslim ethnic Malays, but indigenous tribes, many of them Christian, predominate in Sabah.

They have bridled at the foreigners, blaming them for crime, drug abuse and economic competition, and alleging their homeland was being stolen.

Najib last June gave in to calls for an inquiry, but the move could backfire, said Ibrahim Suffian, head of independent polling firm Merdeka Centre, calling the revelations "explosive".

"It probably will create a wave of resentment and dissatisfaction among native Sabah voters. This confirms their worst fears," he said.

The population of Sabah, a region of rugged mountains and powerful rainforest rivers that is about the size of Ireland, has surged from some 600,000 citizens in 1970 to more than three million -- more than double the national growth rate.

Malaysia's opposition alleges some 700,000 may have illegally received ICs. A one-time battleground state, Sabah has been pro-BN since the mid-1990s.

The once all-powerful BN suffered a shock setback in 2008 national elections, and analysts predict a close fight with a formidable opposition led by Anwar Ibrahim, a former deputy premier, raising fears that government fraud could play a role.

Najib insists the national electoral system is clean and has highlighted recent reforms such as plans to use indelible ink to prevent multiple voting.

"Let the commission do its work and find out," Najib was quoted as saying by state media, warning against a rush to judgement in Sabah.

Mahathir, still a vocal and influential conservative figure, has denied the existence of "Project IC," but admitted at a press conference last week that foreigners in Sabah were given citizenship, saying no laws were broken.

No one has yet directly implicated him before the commission, but witnesses said last week they were directed by officials close to Mahathir. There has been no testimony yet suggesting "Project IC" was still active.

Hearings will continue for weeks, with some 170 witnesses expected to testify. The commission has until late March to investigate.

The commission's final recommendations are not legally binding, but could lead to pressure for a crackdown on illegals.

- AFP/xq

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Tapper talks Benghazi and his book

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Netanyahu likely clings to job in Israel election

JERUSALEM Israel's parliamentary election ended Wednesday in a stunning deadlock between Prime Minister Benjamin Netanyahu's hard-line bloc and center-left rivals, forcing the badly weakened Israeli leader to scramble to cobble together a coalition of parties from both camps, despite dramatically different views on Mideast peacemaking and other polarizing issues.

Israeli media said that with 99.8 percent of votes counted on Wednesday morning, each bloc had 60 of parliament's 120 seats. Commentators said Netanyahu, who called early elections expecting easy victory, would be tapped to form the next government because the rival camp drew 12 of its 60 seats from Arab parties who've never joined a coalition.

A startlingly strong showing by a political newcomer, the centrist Yesh Atid party, turned pre-election forecasts on their heads and dealt Netanyahu his surprise setback.

Yesh Atid, or There is a Future, a party headed by political newcomer Yair Lapid, is now Netanyahu's most likely partner. Lapid has said he would only join a government committed to sweeping economic changes and a resumption of peace talks with the Palestinians.

Addressing his supporters early Wednesday, Netanyahu vowed to form as broad a coalition as possible. He said the next government would be built on principles that include reforming the contentious system of granting draft exemptions to ultra-Orthodox Jewish men and the pursuit of a "genuine peace" with the Palestinians. He did not elaborate, but the message seemed aimed at Lapid.

Shortly after the results were announced, Netanyahu called Lapid and offered to work together. "We have the opportunity to do great things together," Netanyahu was quoted as saying by Likud officials.

Netanyahu's Likud-Yisrael Beitenu alliance was set to capture about 31 of the 120 seats, significantly fewer than the 42 it held in the outgoing parliament and below the forecasts of recent polls.

With his traditional allies of nationalist and religious parties, Netanyahu could put together a shaky majority of 61 seats, results showed. But it would be virtually impossible to keep such a narrow coalition intact, though it was possible he could take an additional seat or two as numbers trickled in throughout the night.

The results capped a lackluster campaign in which peacemaking with the Palestinians, traditionally the dominant issue in Israeli politics, was pushed aside. Netanyahu portrayed himself as the only candidate capable of leading Israel at a turbulent time, while the fragmented opposition targeted him on domestic economic issues.

Israeli actor, journalist and author Yair Lapid, leader of the Yesh Atid party, speaks to supporters, Jan. 23, 2013 at his party headquarters in Tel Aviv.

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Netanyahu's goal of a broader coalition will force him to make some difficult decisions. Concessions to Lapid, for instance, will alienate his religious allies. In an interview last week with The Associated Press, Lapid said he would not be a "fig leaf" for a hard-line, extremist agenda.

Lapid's performance was the biggest surprise of the election. The one-time TV talk show host and son of a former Cabinet minister was poised to win 19 seats, giving him the second-largest faction in parliament.

Presenting himself as the defender of the middle class, Lapid vowed to take on Israel's high cost of living and to end the contentious system of subsidies and draft exemptions granted to ultra-Orthodox Jews while they pursue religious studies. The expensive system has bred widespread resentment among the Israeli mainstream.

Thanks to his strong performance, Lapid is now in a position to serve as the kingmaker of the next government. He will likely seek a senior Cabinet post and other concessions.

Yaakov Peri, a member of Lapid's party, said it would not join unless the government pledges to begin drafting the ultra-Orthodox into the military, lowers the country's high cost of living and returns to peace talks. "We have red lines. We won't cross those red lines, even if it will cost us sitting in the opposition," Peri told Channel 2 TV.

Addressing his supporters, a beaming Lapid was noncommittal, calling only for a broad government with moderates from left and right. "Israelis said no to the politics of fear and hatred," he said. "And they said no to extremism and anti-democracy."

There was even a distant possibility of Lapid and more dovish parties teaming up to block Netanyahu from forming a majority.

"It could be that this evening is the beginning for a big chance to create an alternative government to the Netanyahu government," said Shelly Yachimovich, leader of the Labor Party, which won 15 seats on a platform pledging to narrow the gaps between rich and poor.

Although that seemed unlikely, Netanyahu clearly emerged from the election in a weakened state.

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Al Qaeda Commander Killed for the 3rd Time

The second in command of al Qaeda's Yemen affiliate was reportedly killed in an airstrike in Yemen in December, according to a news report by Arabic television network Al Arabiya, the third time the former Guantanamo detainee has been reported dead since 2010.

According to the report, Said al-Shihri died last month after sustaining severe injuries from a joint U.S.-Yemeni airstrike that targeted a convoy in which he was riding. The al Arabiya account, based on information from "family sources," said that the airstrike left al-Shihri in a coma. He allegedly died soon after and was buried in Yemen.

On Tuesday afternoon, hours after the initial report, a Yemeni government official denied having any information regarding the death of al-Shihri, according to Arabic news site al-Bawaba.

No photos of a body have yet surfaced and no mention of his death has appeared on jihadi forums.
This is the third time al-Shihri, the second in command of al Qaeda in the Arabian Peninsula (AQAP), has been reported killed since 2009. In 2010, the Yemeni government claimed it had captured him. In September 2012, Yemeni news sites reported he was killed in an American drone strike.

PHOTOS: Terrorists Who Came Back from the Grave

READ: Gitmo Detainee turned terror commander killed: Reports

Al-Shihri, a "veteran jihadist," traveled to Afghanistan shortly after the Sept. 11, 2001 terror attacks to fight coalition troops, only to be captured weeks later, according to West Point's Combating Terrorism Center. He was sent to the U.S. prison in Guantanamo Bay, Cuba, where he stayed for six years before being released to Saudi Arabia. There, he entered a so-called "jihadi rehab" program that attempted to turn terrorists into art students by getting them to get "negative energy out on paper," as the program's director told ABC News in 2009.

READ: Trading Bombs for Crayons: Terrorists Get 'Art Therapy'

But just months after he supposedly entered the fingerpainting camp, al-Shihri reappeared in Yemen where he was suspected to have been behind a deadly bombing at the U.S. embassy there.

At the time, critics of the "jihadi rehab" program used al-Shihri as evidence that extremists would just go through the motions in order to be freed.

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How Obama made opportunity real

STORY HIGHLIGHTS

• LZ Granderson: Specifics of Obama's first term may not be remembered


• He says his ability to win presidency twice is unforgettable


• Granderson: Obama, the first black president, makes opportunity real for many


• He says it makes presidency a possibility for people of all backgrounds

Editor's note: LZ Granderson, who writes a weekly column for CNN.com, was named journalist of the year by the National Lesbian and Gay Journalists Association and is a 2011 Online Journalism Award finalist for commentary. He is a senior writer and columnist for ESPN the Magazine and ESPN.com. Follow him on Twitter: @locs_n_laughs.

(CNN) -- In his first term, President Barack Obama signed 654 bills into law, the Dow Jones Industrial Average increased by about 70% and the national debt by $5.8 trillion.

And in 10 years -- maybe less -- few outside of the Beltway will remember any of that. That's not to suggest those details are not important. But even if all of his actions are forgotten, Obama's legacy as the first black president will endure.

And even though this is his second term and fewer people are expected to travel to Washington this time to witness the inauguration, know that this moment is not any less important.

LZ Granderson

Obama's address: Full text

For had Obama not been re-elected, his barrier-breaking election in 2008 could have easily been characterized as a charismatic politician capturing lightning in a bottle. But by becoming the first president since Dwight Eisenhower to win at least 51% of the vote twice, Obama proved his administration was successful.

And not by chance, but by change.

A change, to paraphrase Martin Luther King Jr., that was not inevitable but a result of our collective and continuous struggle to be that shining city on a hill of which President Ronald Reagan spoke so often.

For much of this country's history, being a white male was a legal prerequisite to being president. Then it was accepted as a cultural norm. Because of that, we could not be the country we set out to be.

But today, somewhere in the Midwest, there is a little Asian-American girl with the crazy idea she could be president one day, and because of Obama, she knows that idea is not very crazy at all.

That's power -- the kind of power that can fade urgent numbers and debates of the day into the background of history.

Gergen: Obama 2.0 version is smarter, tougher

Few remember the number of steps Neil Armstrong took when he landed on the moon, but they remember he was the first human being who stepped on the moon. Few can tell you how many hits Jackie Robinson had in his first Major League Baseball game, but they know he broke baseball's color barrier. Paying homage to a person being first at something significant does not diminish his or her other accomplishments. It adds texture to the arc of their story.

I understand the desire not to talk about race as a way of looking progressive.

But progress isn't pretending to be color blind, it's not being blinded by the person's color.

Or gender.

Or religion.

Or sexual orientation.

Somewhere in the South, there is an openly gay high schooler who loves student government and wants to be president someday. And because of Obama, he knows if he does run, he won't have to hide.

That does not represent a shift in demographics, but a shift in thought inspired by a new reality. A reality in which the president who follows Obama could be a white woman from Arkansas by way of Illinois; a Cuban-American from Florida; or a tough white guy from Jersey. Or someone from an entirely different background. We don't know. Four years is a long time away, and no one knows how any of this will play out -- which I think is a good thing.

'Obama: We are made for this moment'

For a long time, we've conceived of America as the land of opportunity. Eight years ago, when it came to the presidency, that notion was rhetoric. Four years ago, it became a once in a lifetime moment. Today, it is simply a fact of life.

Ten years from now, we may not remember what the unemployment rate was when Obama was sworn in a second time, but we'll never forget how he forever changed the limits of possibility for generations to come.

Somewhere out West, there is an 80-year-old black woman who never thought she'd see the day when a black man would be elected president. Somehow I doubt Obama's second inauguration is less important to her.

Follow us on Twitter @CNNOpinion.

Join us on Facebook/CNNOpinion.

The opinions expressed in this commentary are solely those of LZ Granderson.

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Wen urges "healthy" devt as China's economy slows

BEIJING: Chinese Premier Wen Jiabao has urged the central bank to promote "healthy" economic development, the government said, after the economy expanded at its slowest pace for 13 years in 2012.

Speaking on a visit to the headquarters of the People's Bank of China, Wen called on the central bank to push financial reform and use monetary policy to support the economy, the government said in a statement late on Monday.

"Financial work is still facing a severe and complicated domestic and overseas environment," Wen was quoted as saying.

"We must make full use of monetary policy for the economy to realise continued healthy development," he said, adding prices should be kept stable.

China's economy, the world's second largest, expanded 7.8 percent last year, the government announced on Friday, in the face of weakness at home and in key overseas markets.

The central bank last cut interest rates in July last year, and has instead used its open market operations to boost liquidity to support the economy as growth flagged in the second half.

Last week, the central bank said it would start carrying out short-term operations to manage liquidity in the money market, which analysts say will give policy-makers more flexibility.

Wen called for more financial reforms, including the long-held goals of further liberalising interest rates and making China's yuan currency freely convertible, but gave no details of such moves.

In June last year, the central bank gave banks more flexibility to set interest rates, effectively introducing greater competition and improving allocation of capital.

China last year also began allowing its tightly-controlled currency to trade in a wider band against the US dollar, on the long march for the yuan to become freely convertible.

But Wen also called for preserving financial stability, suggesting future reforms will continue to be incremental.

Wen is set to step down as premier in March, wrapping up a decade overseeing the government and economy.

Li Keqiang, a member of the ruling Communist Party's powerful Politburo Standing Committee, is touted to replace him amid hopes the new leadership might be more aggressive in promoting economic reforms.

- AFP/al

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Prince Harry: I killed Taliban

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

Prince Harry serves in Afghanistan

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STORY HIGHLIGHTS

• Britain's Prince Harry says he killed Taliban militants during tour in Afghanistan


• Harry, known to comrades as Captain Wales, had served for four months in Helmand province


• Harry: "We fire when we have to but we're more of a deterrent than anything else"

(CNN) -- Britain's Prince Harry has acknowledged that he killed Taliban insurgents on his latest tour of duty in Afghanistan as a crew member of an Apache attack helicopter.

Harry has been serving for four months as a co-pilot gunner (CPG) in southern Helmand province -- considered a Taliban heartland -- and flew on scores of missions with the trigger to rockets, missiles and a 30mm cannon at his fingertips.

No one is saying how many insurgents Harry might have killed but toward the end of his deployment, the 28-year-old, known to his comrades as Captain Wales, shared some of his feelings about combat with reporters while on duty in the massive military base known as Camp Bastion. He said it was sometimes justified to "take a life to save a life. That's what we revolve around, I suppose."

More: How 'soldier prince' tore up royal rule book

Harry through the years

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Harry explained how the roles of Apaches and CPGs have changed since his previous deployments in 2007 and 2008. "It used to be very much: front seat, you're firing the whole time.

"Now, yes we fire when we have to but essentially we're more of a deterrent than anything else.

"Our job out here is to make sure the guys are safe on the ground and if that means shooting someone who is shooting at them, then we will do it," said the prince, third in line to the British throne.

"It's not the reason I decided to do this job. The reason to do this job was to get back out here, and carry on with a job."

Away from his helicopter, the prince mixed freely on base, eating in the canteen with everyone else and relaxing by playing video games with others in the 130-strong 662 Squadron, 3 Regiment Army Air Corps (AAC). With those comrades, he was just "one of the guys."

More: Harry named world's most eligible bachelor

Now, yes we fire when we have to but essentially we're more of a deterrent than anything else
Prince Harry

In contrast to his privileged upbringing in palaces and an education at Eton College, the prince lived in a shared room within shipping containers converted into an accommodation block. He said he was free to stroll around the base, to visit the gym or the laundry. "It's completely normal," Harry added.

But he said he still received unwanted attention in more public places. "For me it's not that normal because I go into the cookhouse and everyone has a good old gawp, and that's one thing that I dislike about being here," he said.

Opinion: Cheeky Harry vs. dull brother William

"Because there's plenty of guys in there that have never met me, therefore look at me as Prince Harry and not as Captain Wales, which is frustrating.

"Which is probably another reason why I'd love to be out in the PBs (patrol bases), away from it all.

"But yeah, it's completely normal. It's as normal as it's going to get. I'm one of the guys. I don't get treated any differently."

His deployment meant he could step back from the public eye, although he said his father, the heir to the British throne Prince Charles, often reminded him of his position. Harry admitted he had "let himself and his family down" when he was photographed naked at a party in a Las Vegas hotel last year.

More: No action over naked Prince Harry photos

Harry appeared happier talking about his military role: building up the Afghan National Army, the ANA, so it can eventually take over.

"It's great to see the ANA taking more of a lead in things as well. And the professionalism is definitely shining through."

That's something his superiors in the army might say of the prince himself.

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Obama looks to past to set course for future

News Analysis

President Obama is a student of history - it was no coincidence that he formally announced his run to become the first African-American president back in 2007 at the Old State Capitol in Springfield, Illinois, where Abraham Lincoln delivered his "house divided" speech in 1858 - and his inaugural address today drew an unmistakable line between the nation's past and its prospects for the future.

Play Video

President Obama's second inaugural speech

The president opened his remarks by referencing Lincoln's words from that speech, stating that America came to realize at that point in history that "no union founded on the principles of liberty and equality could survive half-slave and half-free." He grounded his remarks in the Declaration of Independence's claim that "all men are created equal," tying it to both the American Revolution and rules mandating that there is fair play in the free market, to the need for a great nation to "protect its people from life's worst hazards and misfortune."

Later, he again invoked the declaration - though this time, he referred to the notion that "all of us are created equal" - before referencing three landmark moments in the battle for civil rights: The Seneca Falls Convention for women's rights, the clashes in Selma for African-American rights and the riots at New York's Stonewall Inn for gay rights. (The speech marked the first presidential inaugural in which LGBT rights have been referenced.)

He then pivoted from the triumphs of the past to the necessity of continuing the fight, calling for equal pay for women, equal rights for gay men and women, an elimination of long lines to vote, better treatment of immigrants, and, in an indirect reference to his desire to pass gun control legislation, the necessity of children from Detroit to Appalachia to Newtown to know "that they are cared for, and cherished, and always safe from harm."

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Brinkley on inaugural address: "A great civil rights speech"

At five separate moments in his second inaugural address, delivered to an estimated 500,000 to 700,000 people at the Capitol, Mr. Obama uttered the words "We, the people" - the opening words to the preamble of the Constitution. Those words were deployed to underscore the president's argument that Americans need to recognize that we are all in it together - and that while America celebrates initiative and enterprise, "preserving our individual freedoms ultimately requires collective action."

"For the American people can no more meet the demands of today's world by acting alone than American soldiers could have met the forces of fascism or communism with muskets and militias," he said. "No single person can train all the math and science teachers we'll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people." He went on to add that "we are made for this moment, and we will seize it - so long as we seize it together."

That idea underscored the positions Mr. Obama reiterated during the speech, which at times came closer to a policy-oriented State of the Union Address than an inaugural, which historically tends to be more about soaring rhetoric. (The president will offer his State of the Union on February 12.) In addition to arguing that economic inequality hampers the nation's success, he said that the future depends on harnessing "new ideas and technology to remake our government, revamp our tax code, reform our schools, and empower our citizens with the skills they need to work harder, learn more, and reach higher."

"We do not believe that in this country, freedom is reserved for the lucky, or happiness for the few," said the president. "We recognize that no matter how responsibly we live our lives, any one of us, at any time, may face a job loss, or a sudden illness, or a home swept away in a terrible storm. The commitments we make to each other - through Medicare, and Medicaid, and Social Security - these things do not sap our initiative; they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great."

Mr. Obama also fit a call for a renewed focus on fighting climate change - an issue largely absent from his first-term agenda - into the notion of collective action for the common good, saying that "the failure to [address it] would betray our children and future generations."

Play Video

Axelrod on Obama's vision for economy

In addition to climate change, Mr. Obama's second term agenda involves pushing passage of gun control and immigration legislation, overseeing the further implementation of the health care law, winding down the war in Afghanistan, and continuing to try to find some way to come to a major agreement with Republicans to address the nation's massive debt and deficit.

He has signaled that to accomplish these goals, he will take a more confrontational approach with Republicans than he did in his first term -- an approach illustrated by his recent refusal to negotiate on raising the debt limit. His inaugural address offered little in the way of appeals for Washington bipartisanship; instead, Mr. Obama called on Americans in and out of the nation's capitol to come together to help the nation stay on the right path, even if the results are sometimes "imperfect."

"Progress does not compel us to settle centuries-long debates about the role of government for all time - but it does require us to act in our time," he said. "For now decisions are upon us, and we cannot afford delay."

It was an appeal grounded in the notion that America's strength comes from all its citizens, no matter their status. And it was offered by a president who knows the debt he owes to history - a president who sees himself both as a symbol of American progress and a vessel to keep it moving forward.

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Inauguration: 7.5 Things You Should Have Seen

A presidential inauguration is a big, long event that lasts all day and into the night–and who has time to really watch it? People have jobs, ones that don’t let you off for a federal holiday.

Everyone (or, at least, some) will be talking about it, which means potential embarrassment for anyone who doesn’t know what happened. Thankfully, ABC employs  news professionals stationed in Washington, D.C., to pay attention to these kinds of things and boil off some of the less noteworthy or interesting stuff, presenting you with short videos of everything that really mattered. Or at least the things a lot of people were talking about.

A full day of paying attention to President Obama’s second Inauguration leads one of those professionals to offer these 7 1/2 things:

1. Beyonce Sang the National Anthem

Boy, howdy! Did she ever? Beyonce has essentially become the Obama’s go-to female performer: She recorded a music video for Michelle Obama’s “Let’s Move” initiative in 2011, and she performed at the president’s last inauguration in 2009. Her velvety, soulful “Star Spangled Banner” is getting good reviews.

2. Kelly Clarkson Also Sang

Kelly Clarkson is not as “in” with the First Couple as Beyonce seems to be, but they let her sing “My Country ‘Tis of Thee,” and she did a pretty good job with it. This was kind of weird, though, because at one point she said she loved Ron Paul, although she later said she would vote for Obama.

3.  Obama Talked About Gay Rights

This may not seem shocking since more than half the country, including President Obama, supports gay marriage. But the president made a point of mentioning gay rights during his speech, equating the struggles of the LGBT community with those of  past civil rights movements, and in doing so made history.

He name-checked Stonewall, the New York City bar that was raided by police in 1969 sparking riots to protest the anti-gay crackdown. And he actually used the word “gay”: “Our journey is not complete until our gay brothers and sisters are treated like anyone else under the law – for if we are truly created equal, then surely the love we commit to one another must be equal as well,” Obama said in his address.

Plenty of inaugural addresses have been chock full of rhetoric about freedom and equality, but in the last four years, the political culture surrounding gay rights has changed significantly, as more states legalized same-sex marriage and as broad swaths of the country got more comfortable with homosexuality in general. Obama’s “evolution” on gay marriage, and now his inaugural address, have helped signify that change.

4. Joe Biden Made Jokes and Shook Hands With People

Could we expect anything less?

Here’s how the Vice President toasting Sen. Chuck Schumer instead of President Obama at the big luncheon:  ”I raise my glass to a man who never, never, never operates out of fear, only operates out of confidence, and a guy–I’m toasting you, Chuck.” Watch it:

And here he is, scurrying around and jovially shaking hands with people along the parade route:

5. Richard Blanco Read a Poem That Was Sort of Whitman-esque, But Not Entirely

Cuban-born Richard Blanco became America’s first openly gay, Latino Inauguration poet. He read a nine-stanza poem entitled “One Today,” which set a kind of unifying American tableau scene.

6. Obama and Michelle Walked Around Outside The Limo

President Obama walked part of the parade route, from the Capitol to the White House, with Michelle. They waved to people. It is not entirely abnormal for a president to do this at an inaugural parade. But they walked quite a ways.

7. John Boehner: ‘Godspeed’

The speaker of the House presented American flags to Obama and Biden, telling them: “To you gentlemen, I say congratulations and Godspeed.”

7 1/2. Sasha and Malia Were There. 

Obama’s daughters, Sasha and Malia, were there. They didn’t really do much, but they did wear coats of different shades of purple that got a lot of  attention on Twitter.

Reports of the daughters looking at smartphones and applying lip gloss highlighted their day. As did this .gif of Sasha yawning.

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