Sanders said his own Green New Deal plan will “pay for itself over 15 years” by raising taxes and fees on fossil fuel companies.
Presidential hopeful Bernie Sanders unveiled a climate change strategy Thursday that would mobilize US$16.3 trillion to help the U.S. generate 100% of its electricity from renewable energy by 2030 and achieve “full decarbonization” by 2050.
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The plan would “launch a decade of the Green New Deal,” a 10-year federal “mobilization” that would factor climate change into every policy action from immigration to foreign policy while promising to create 20 million jobs in the process.
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.
It bans the practice of fracking to extract natural gas and oil, the import and export of fossil fuels and sets a moratorium on nuclear power plant license renewals.
“As President, Bernie Sanders will boldly embrace the moral imperative of climate change and mobilize the political will necessary for a wholesale transformation of our society, with massive investments in sustainable energy, energy efficiency, and a transformation of our transportation system,” his plan says.
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