Democratic White House hopeful Joe Biden released his climate policy proposal early Tuesday, targeting net-zero emissions and 100 percent clean energy economy by 2050.
The “Biden Plan for a Clean Energy Revolution & Environmental Justice” carries a price tag of $1.7 trillion for the federal government in its first 10 years, which the former vice president’s campaign says will be paid by undoing the tax cuts enacted by President Trump and congressional Republicans.
Investments from state and local governments as well as private companies would push the total to $5 trillion.
“Science tells us that how we act or fail to act in the next 12 years will determine the very livability of our planet,” Biden said in a statement. “That’s why I’m calling for a Clean Energy Revolution to confront this crisis and do what America does best – solve big problems with big ideas.”
Read more at The Hill.