Presidential hopeful Bernie Sanders unveiled a climate change strategy on Thursd...
WASHINGTON, August 22 - Presidential hopeful Bernie Sanders unveiled a climate change strategy on Thursday that would mobilize $16.3 trillion to help the U.S. generate 100% of its electricity from renewable energy by 2030 and achieve “full decarbonization” by 2050.
The plan outlines dozens of policies aimed aggressively moving the United States off of fossil fuels in the electricity, transportation and building sectors, restoring U.S. leadership and financial aid under the Paris Climate Agreement and pouring trillions of dollars to assist fossil fuel workers and vulnerable minority communities in the transition to a green economy.
Sanders plan comes after several of his Democratic rivals - including Joe Biden, Elizabeth Warren, Jay Inslee, Beto O’ Rourke and Cory Booker, unveiled their detailed climate change strategies aiming to neutralize greenhouse gas emissions by 2050, responding to the growing importance of the issue to Democratic and younger voters.
Sanders said his own Green New Deal plan will “pay for itself over 15 years” by raising taxes and fees on fossil fuel companies, through revenue generated by renewable energy produced by federal power authorities, over $1 trillion in scaling back military spending and from income tax collected from the 20 million new jobs it says the plan will create.
In order to achieve 100% renewables in 10 years, it would create a fifth federal Power Marketing Administration to transmit power to distribution municipal and public utilities, and spend $1.5 trillion to build out of more renewable energy and $852 billion to boost energy storage capacity.
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