Biden unveils $1.7 trillion climate plan, vows to reject fossil fuel money
Former Vice President Joe Biden laid out a climate change plan on Tuesday that would pour $1.7 trillion of federal money into clean energy spending over a decade to bring U.S. greenhouse gas emissions to net zero by 2050.
And he said he would funnel federal revenues from eliminating the Trump tax cuts passed in late 2017 and ending tax breaks for the fossil fuel industry to finance a federal clean energy spending program. Biden would demand Congress pass climate change legislation his first year in office to create an enforcement mechanism for reducing emissions, make a “historic investment” in climate research and encourage “rapid deployment of clean energy” to achieve net-zero emissions by mid-century.
Biden's plan seeks to quiet some of his critics by incorporating the broad tenets of the Green New Deal championed by Rep. Alexandria Ocasio-Cortez and progressive activists who have elevated climate change in the national conversation. Biden will take his climate change message to New Hampshire Tuesday, underscoring the balancing act he needs to pull off and attract younger environmentally-minded voters without losing support from older, blue-collar voters who fear federal climate policies will drive up energy costs. Biden will visit the Plymouth Area Renewable Energy Initiative in Plymouth and later hold a campaign event with the International Brotherhood of Electrical Workers Local 490 in Concord.
“We can create new industries that reinvigorate our manufacturing and create high-quality, middle-class jobs in cities and towns across the United States,” Biden said in a statement. “We can lead America to become the world’s clean energy superpower.”
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