Buttigieg unveils climate change plan that would cost more than $1 trillion and aim to create 3M job

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2020 Elections
Pete Buttigieg unveils climate change plan that would cost more than $1 trillion and aim to create 3 million clean energy jobs
Published Wed, Sep 4 2019 6:00 AM EDTUpdated 3 hours ago
Jordan McDonald

Key Points

Democratic presidential hopeful Pete Buttigieg’s climate change plan calls for net-zero emissions by 2050 and creating over 3 million jobs in the next decade.

Buttigieg’s plan calls for investment in green technology R&D, as well as shoring up local communities from the effects of climate change.

Buttigieg’s plan is much more modest than those of rivals Joe Biden, Elizabeth Warren and Bernie Sanders, who have proposals call for spending $2 trillion to $16 trillion.

Democratic presidential hopeful Pete Buttigieg on Wednesday unveiled a climate change plan that would include more than $1 trillion in federal investment, with a goal of reaching net-zero emissions by 2050 and creating over 3 million clean energy and infrastructure jobs in the next decade.

The South Bend, Indiana, mayor’s plan contains three pillars:

building a clean economy by creating clean energy jobs, strengthening rural communities and protecting natural resources;
investing in disaster relief and prevention in vulnerable communities;
building America’s role on the international stage in combating climate change.

The campaign said the plan would include between $1.5 trillion and $2 trillion in federal investment.

The proposal includes a $200 billion investment over 10 years in clean energy research and development, the creation of a $250 billion Clean Energy Bank to finance innovative technologies, a $250 billion fund matched with $250 billion in private investment with American companies to lead development of green technologies and a $50 billion seed fund for riskier and experimental ideas.

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https://www.cnbc.com/2019/09/04/pete-buttigieg-unveils-1point1-trillion-climate-change-plan.html?fbclid=IwAR0PngX_jx0NB1ckPrERpDPMZ_U4ES9ZIPtc7Ab8Vi2gsU3aMPLYSUJibP8