Joe Biden Unveils $2 Trillion Plan to Combat Climate Change
“If I have the honor of being elected president, we’re not just going to tinker around the edges. We’re going to make historic investments that will seize the opportunity and meet this moment in history,” Mr. Biden said during a speech in Wilmington, Del., Tuesday afternoon.
Mr. Biden’s program would use climate policy as an economic-development tool over a framework of four years. Last summer, he proposed spending $1.7 trillion over a decade. The souped-up investment Mr. Biden proposed Tuesday is part of an economic plan the presumptive Democratic nominee began releasing last week, when he announced a $700 billion economic revival program.
The climate plan would attempt to eliminate carbon emissions from the power grid by 2035, put Americans into electric vehicles and zero-emissions mass transit, and rebuild roads, bridges and other infrastructure. The plan would devote spending to minority communities and bolster rules to support unions, which the Biden campaign frames as a way to ensure benefits go first to poor and working-class people and to communities hurt the most by pollution.
“Here we are with an economy in crisis, but with an incredible opportunity, not to go back to where we were before, but better, stronger, more resilient and more prepared for the challenges that lie ahead,” Mr. Biden said.
Mr. Biden is seeking to draw parallels between climate change and the coronavirus pandemic as he makes the case for his sweeping initiative. He blames President Trump for a slow response to the pandemic and for fueling an economic decline by failing to heed scientific advisers.
Reported by WSJ