Beto’s $5 Trillion Plan to Fight Climate Change

FrontRunner
Written by FrontRunner

Beto O’Rourke has introduced the most detailed plan to combat climate change that he expects to need $5 trillion over 10 years. O’Rourke says that at this time, climate change is the greatest threat that we face. His goal is to make the US net-zero carbon emissions by 2050 with the plan to get halfway there by 2030.

Beto has received some criticism from environmental activists because he refused to sign a pledge to reject large contributions from fossil fuel companies, PACs, and executives. In addition to this, Beto was the second largest recipient of oil company money while in Congress.

Beto plans to pay for part of the plan’s large price tag by ending favorable tax treatment for fossil fuel companies which he expects would generate $1.5 trillion. From this, O’Rourke says that $300 billion in direct spending and $300 billion in tax credits would also generate $4 trillion of investment.

He also wants to “deploy zero-emissions vehicles, tighten pollution rules for power plants, boost building and appliance efficiency standards and rely on the federal government’s size to decarbonize across all sectors as well as re-enter the Paris climate agreement.

Click here to check out Beto’s plan to combat Climate Change.

Click here to read the full 4/29/19  article by Zack Colman from Politico.

 

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