Tuesday, June 4, 2019

Joe Biden releases $5T climate change plan that goes 'well beyond' Obama agenda

Joe Biden released a $5 trillion "Clean energy revolution" plan Tuesday to combat climate change, which he said is the greatest challenge facing the United States and world.

Biden responded aggressively to critics and rival Democratic candidates who predicted he'd be too moderate on climate change, given his pro-union background, with a proposal that he says goes "Well beyond" the agenda he undertook in the Obama administration.

"We must take drastic action now to address the climate disaster facing the nation and our world," Biden said.

Biden said he would pay for his plan by "Reversing the excesses" of Trump's tax cuts for corporations, closing loopholes in the tax code, and ending subsidies for fossil fuels.

Biden, despite his critics, had a track record in the Obama administration of enacting policies that have helped reduce emissions and lower the cost of clean energy.

Biden would make the "Largest-ever investment" in clean energy research and innovation, establishing an ARPA-C program - a cross-agency program focused on spurring advanced technologies to combat climate change.

In a shot at the Trump administration, Biden would pursue a global ban on offshore drilling in the Arctic Ocean and reestablish climate change as a priority for the Arctic Council.


https://www.washingtonexaminer.com/policy/energy/joe-biden-releases-5t-climate-change-plan-that-goes-well-beyond-obama-agenda

No comments: