Michael Bloomberg's plan stops well short of the goals of the 'Green New Deal' embraced by many of his Democratic rivals in the presidential race.
Bernie Sanders releases a $16-trillion Green New Deal plan as he visits fire victims in Paradise, Calif.
The plan doesn’t address nuclear power directly, but campaign spokesman Brian Reich said Bloomberg supports “maintaining a safe, reliable nuclear presence in our energy makeup.” “We should not be retiring existing nuclear plants, nor should we be building new ones when the cost of wind, solar and batteries are declining dramatically,” he said.Bloomberg’s specific goals include closing the nation’s remaining 251 coal power plants with clean energy by 2030.
It would aim to stop the “rush” to build new gas plants by imposing strict new emissions and health protections, although Bloomberg’s team did not immediately respond to questions about how his policy would specifically impact energy companies’ plans to create 150 new gas plants in the coming years. It would end all taxpayer subsidies for fossil fuel companies, establish a moratorium on new fossil fuel leases on federal lands, and quadruple the amount of federal dollars dedicated to research and development in clean energy and a clean grid to at least $25 billion each year.
The plan promises to reverse the Trump administration’s rollbacks of clean air, water, health and safety, and waste rules. It also says Bloomberg would prioritize “environmental justice” and “environmental racism” by instructing federal agencies to consider environmental impacts in all actions and creating environmental justice offices in every agency, among other changes.
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