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February 28, 2020 05:49 pm

Bernie Sanders Has an Audacious -- and Hugely Expensive -- Climate Plan

Senator Bernie Sanders, the front-runner for the Democratic nomination in this year's presidential election, has put forth the most audacious climate plan among the contenders. But there are doubts about the political and economic feasibility of his sweeping vision, as well as the wisdom of some of his particular technical proposals. From a report: Notably, the plan restricts tools that could help rapidly cut greenhouse-gas emissions, including nuclear power and technologies that can capture carbon dioxide. Sanders wants to pump more than $16 trillion into a version of the Green New Deal that would eliminate emissions from the US power sector, as well as all ground transportation, within a decade. To pull it off, he wants the government to play a much larger role in the electricity sector. His plan would direct new or expanded federal agencies to build nearly $2.5 trillion worth of wind, solar, geothermal, and energy storage projects. The plan would also force major changes on the fossil-fuel sector, including ending federal subsidies, mountaintop-removal coal mining, and the import and export of fossil fuels. He'd also direct federal agencies to investigate whether companies broke the law in covering up their role in climate change, or owe damages for the destruction they cause. In addition, Sanders wants to invest more than $2 trillion to help families and small businesses improve the energy efficiency of their homes, buildings, and operations; and more than $1 trillion to retrofit or construct bridges, roads, water systems, and coastal protections in ways that will stand up to harsher climate conditions. He says the plan will create 20 million jobs, while offering wage guarantees, job training, and other assistance to displaced energy workers. His broader goals for the Green New Deal go beyond climate and clean energy as well, boosting funding for affordable housing and rural economic development, and enhancing protections for civil rights, environmental justice, and labor.

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