This is a rush transcript from "America's Election HQ," July 17, 2008. This copy may not be in its final form and may be updated.

HEATHER NAUERT, HOST: Taking the lead on the energy issue is former Vice President Al Gore. He has a new challenge for our country, calling on all Americans to get all of our energy from renewable and carbon-free sources within the next 10 years. And he sounds pretty optimistic about it.

Take a listen.

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Video: Watch Heather's interview

AL GORE, FORMER U.S. VICE PRESIDENT: The goal is achievable, affordable and transformative. It represents a challenge to all Americans in every walk of life, to our political leaders, entrepreneurs, innovators, engineers and to every citizen.

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NAUERT: Al Gore today in Washington.

We are joined now by Malini Bawa, she is live in Washington with the details. Malini?

MALINI BAWA, FOX NEWS CORRESPONDENT: Well, good afternoon, Heather. That's right. Al Gore is using his influence as former vice president and Nobel Prize winner, issuing that bold challenge for Americans to produce 100 percent of our electricity with zero carbon emissions within 10 years. That means using wind, solar and other clean sources.

Gore says the cost of alternative energies has fallen sharply in recent years and will continue falling, while oil and coal will keep rising. He thinks we need to look beyond the next election, that 10 years is a reasonable time frame.

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GORE: When President John F. Kennedy challenged our nation to land a man on the moon and bring him back safely in 10 years, many people doubted we could accomplish that goal. But eight years and two months later, Neil Armstrong and Buzz Aldrin walked on the surface of the moon and planted the American flag.

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BAWA: Meantime, on Capitol Hill, an energy bill including the so- called "use it or lose it" provision fell short of the 2/3 majority needed to pass. Democrats argued that oil companies should explore and drill on federally-leased land or lose those federal leases. With Republicans pushing for offshore drilling, the "use it or lose it" bill allowed Democrats another way to publicly embrace the idea of more drilling.

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NICK RAHALL, (D) WEST VIRGINIA CONGRESSMAN: In the near term, we need to drill. We're saying in this bill today — drill, drill, drill, drill it now. Drill it here. Drill it where the oil is, and where it is already available.

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BAWA: A House Republican leader, John Boehner, said in a statement that bill would not have produced a single drop of new energy and that the measure was exposed for what it was, he says, a sham — Heather.

NAUERT: OK, Malini Bawa in Washington, thank you so much.

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