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Global Zero, a group of more than 200 political and military leaders from around the world, is hailing the award's recognition of a goal it shares with Obama -- the elimination of nuclear weapons.

Said former ambassador to Germany Richard Burt, chief U.S. negotiator for the START 1 negotiations and Global Zero U.S. chair in a statement: "Global Zero applauds President Obama on receiving the Nobel Prize and for his extraordinary leadership, along with President Medvedev, to achieve a world without nuclear weapons.

"This award reflects a new international consensus that whatever stability nuclear arsenals may have provided during the Cold War is now outweighed by the growing risks of proliferation and nuclear terrorism -- and that the only way in the long term to eliminate the nuclear threat is to eliminate all nuclear weapons."