Bernie Sanders Unveils $16 Trillion ‘Green New Deal’ Plan

Senator Bernie Sanders’s “Green New Deal” climate policy plan calls for the United States to eliminate fossil fuel use by 2050.

Credit: Dustin Chambers for The New York Times

WASHINGTON — Senator Bernie Sanders on Thursday will release a $16.3 trillion blueprint to fight climate change, the latest and most expensive proposal from the field of Democratic presidential candidates aimed at reining in planet-warming greenhouse gases.

Mr. Sanders’s proposal comes one day after Gov. Jay Inslee of Washington, who made climate change the central focus of his campaign, announced he was dropping out of the 2020 race. Mr. Inslee’s absence could create an opening for another presidential aspirant to seize the mantle of “climate candidate.”

Mr. Sanders was an early supporter of the Green New Deal, an ambitious but nonbinding congressional plan for tackling global warming and economic inequality. He is bestowing that same name upon his new plan, which calls for the United States to eliminate fossil fuel use by 2050.

It declares climate change a national emergency; envisions building new solar, wind and geothermal power sources across the country; and commits $200 billion to help poor nations cope with climate change.

Mr. Sanders said in an interview Wednesday night that his proposal would “pay for itself” over 15 years and create 20 million jobs in the process.

There is no broadly agreed-upon figure of how much needs to be spent to decarbonize the United States economy, but one study estimated that as much as $4.5 trillion could be needed just to modernize the nation’s power grid.

Still, the Sanders plan’s eye-popping price tag is several times bigger than those of his leading opponents. Former Vice President Joseph R. Biden Jr. has called for spending $1.7 trillion over 10 years. Senator Elizabeth Warren of Massachusetts has a $2 trillion green manufacturing plan. Other candidates, including former Representative Beto O’Rourke of Texas, have also put forth ambitious proposals. MORE

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s