Biden unveils $1.7 trillion climate plan to end U.S. carbon emissions by 2050

(Eco BusinessReuters News, 5 Jun 2019) The front-runner for the 2020 Democratic presidential nomination unveiled the plan after weeks of pressure from rivals and green activists.

Joe Biden, the front-runner for the Democratic 2020 presidential nomination, released a climate change plan on Tuesday that would pour $1.7 trillion of investment into achieving 100% clean energy and net-zero emissions by 2050, in part using revenues from reversing Trump administration corporate tax cuts.

The former vice president unveiled the plan after weeks of pressure from rivals and green activists who said he was not taking global warming seriously enough and would rely too heavily on Obama-era ideas.

A campaign adviser told Reuters last month that Biden was seeking a "middle-ground" approach he hoped would please environmentalists without turning off the blue-collar voters who swept Republican President Donald Trump to power in 2016. .

"I'm calling for a Clean Energy Revolution to confront this crisis and do what America does best - solve big problems with big ideas," Biden said in a social media video, saying his proposals would go "well beyond" the policies set when he served with former President Barack Obama.

The proposal would invest $1.7 trillion over 10 years in clean energy research and modernizing infrastructure to eliminate the emissions of the greenhouse gases that scientists blame for accelerating climate change and its effects - including rising sea levels, droughts, floods and more frequent powerful storms.

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Eco BusinessReuters News, 5 Jun 2019: Biden unveils $1.7 trillion climate plan to end U.S. carbon emissions by 2050