It’s a significant increase on the proposal of $1.7tn over ten years that Mr Biden put forward earlier in campaign
Presidential candidate Joe Biden on Tuesday announced plans for a $2 trillion investment in clean energy over four years – a significant boost to his earlier proposal for $1.7tn in the next decade.
The climate proposals, first reported by Bloomberg, call for 100 per cent clean electricity by 2035 but don’t include specifics on how it would be paid for. Senior campaign officials, who spoke on condition of anonymity to AP, said it would require a mix of tax increases on corporations and the wealthy and deficit spending aimed at stimulating the economy.
The aggressive overhaul to his climate agenda suggests that the former VP is heeding calls from progressives to tackle the climate crisis with greater urgency.
“These are the most critical investments we can make for the long-term health and vitality of both the American economy and the physical health and safety of the American people,” Mr Biden said during remarks to reporters near his home in Wilmington, Delaware.
Mr Biden acknowledged that the economy is in “crisis” because of the coronavirus pandemic, but said it offers “an incredible opportunity, not just to build back to where we were before, but better, stronger, more resilient and more prepared for the challenges that lie ahead”.
In his remarks, Mr Biden framed his latest policy proposal as offering a sharp contrast with President Trump on both job creation and the economy.Independent