Thursday, October 01, 2020

Biden to call for $2 trillion in clean energy spending

Jul 14. 2020
Joe Biden
Joe Biden
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By Syndication Washington Post, Bloomberg · Jennifer Epstein, Ari Natter, Jennifer A. Dlouhy · NATIONAL, BUSINESS, SCIENCE-ENVIRONMENT 

Joe Biden on Tuesday will call for setting a 100% clean-electricity standard by 2035 and investing $2 trillion over four years on clean energy, two people familiar with his plan said Monday.

The Democratic nominee's new commitments mark a clear shift toward liberals' priorities in combating climate change and cutting the use of fossil fuels. The people briefed on his plan spoke on the condition of anonymity.

Biden's blueprint also calls for the creation of a climate conservation corps modeled after the work relief program President Franklin Delano Roosevelt created during the Great Depression, according to another person briefed on the initiative.

The plan also embraces Sen. Chuck Schumer's plan to rapidly turn over the nation's automobile fleet, with taxpayers enticed by cash vouchers to trade in their gas-powered cars for plug-in electric, hybrid or hydrogen fuel cell cars. The initiative also would steer tens of billions toward building charging infrastructure including in rural communities

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