Bernie's Green New Deal Is Out
Bernie Sanders's Green New Deal:
Presidential candidate Bernie Sanders has unveiled his expansive $16.3 trillion investment plan to tackle climate change by calling for the United States to have a 100% renewable energy and transportation system by 2030 and decarbonize the entire U.S by 2050, a plan consistent with the United Nations Intergovernmental Panel on Climate Change set objectives.
Sen. Sanders would enlarge the federal Power Marketing Administrations to develop new solar, wind, and geothermal energy sources.
Sanders's plan would "end unemployment" by creating 20 million union jobs in steel and the automotive industry, sustainable agriculture, and engineering. With a priority fossil fuel workers during the transition.
Substantial "investments" in R&D.
Declare climate change a "national emergency."
A $2.09 trillion grant to "low and moderate families and small business" to trade in their gas-powered car for a electric car and a 85.6 billion in create a EV charging infrastructure.
Provide billions in grants to school districts and city transit systems to replace all buses with electric buses and also replace all shipping trucks with EV's.
Build high-speed rail regionally
Under a Sanders Administration there will be a ban on offshore drilling, franking, mountaintop removal coal mining, imports and exports of fossil fuels and a complete divestment of fossil fuels in federal pensions.
A Reduction of 71 percent in domestic emissions by at least 2030 and reduce "emissions among less industrialized nations by 36 percent by 2030."
How would Sanders Pay for It:
In Sanders's plan the fossil fuel industry would "pay for their pollution" with high taxes on " corporate polluters" and "fossil fuel investers" income and wealth.
Increase fines on pollution from the fossil fuel industry.
Demanding fossil fuel infrastructure owners to buy "federal fossil fuel risk bonds,".
A potential Sanders Administration would "pressure hedge funds, the insurance industry, and other large investors currently invested in fossil fuels to divest or pay for clean energy investments through clean energy bonds."
create a fee on imported "Carbon Pollution-Intensive Goods."
Hindsight is 2020:
Sanders, Warren and Biden remain relativity at the top of most polls and with the next Democratic presidential townhall set on September 4th, with its main theme being climate change, Sanders is trying to create more momentum to nudge Warren out of second place among liberal primary voters.