Democratic 2020 Candidate Jay Inslee Has A $9 Trillion Idea To Fix Climate Change
Inslee’s plan also seeks to reward people looking to contribute to the greener economy with good jobs. Specifically, he is advocating for jobs, including through publicly-funded projects, that would pay at least $25 per hour, and he supports union jobs and expanding collective bargaining rights for unions.The proposal’s emphasis on livable wages, as well as environmental justice, mirrors elements of thechampioned by Rep. Alexandria Ocasio-Cortez in Congress.
Other notable components of Inslee’s new 38-page policy proposal includes investing $35 billion in clean energy and climate solutions research, a big increase over current levels; creating a $90 billion"Green Bank" at the federal level to help finance clean energy development; phasing out potent greenhouse gases called hydrofluorocarbons, or HFCs, in line with global agreements; proposing federal agencies get all of their domestic energy production from clean energy sources and...
To pay for it all, Inslee proposes a federal investment of about $300 billion a year, which his campaign anticipates will generate an additional $600 billion a year in outside funding. This adds up to $9 trillion in total investment over a decade. “This is one of the most comprehensive plans I've seen in the political context,” Michael Gerrard, director of Columbia University’s Sabin Center for Climate Change Law, told BuzzFeed News in an email.
Acting on climate change is proving a popular rallying cry among the Democratic presidential contenders, with nearly a dozen of them pledging to make it one of their top priorities. Beto O’Rourke, a former Texas representative, released aFormer Vice President Joe Biden is so far bucking this trend. His campaign advisors last week told Reuters that Biden was planning to take a
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