Energy & Environment

Booker Releases $3 Trillion Climate Plan

Sen. Cory Booker speaks during the first Democratic presidential debate in Miami, Fla., June 26, 2019. (Mike Segar/Reuters)

Democratic presidential candidate Cory Booker on Tuesday released a $3 trillion dollar plan to combat climate change after several of his opponents released their versions in recent weeks.

The New Jersey senator’s plan aims to make the U.S. a 100 percent carbon-neutral economy by 2045 and combines two of his priorities, addressing economic inequality at the same time.

“As we address the existential threat of climate change, we must also confront deep and persistent economic inequality: the economy isn’t working for millions of Americans, with income and wealth more concentrated among the ultra-wealthy than at any time since before the Great Depression,” the plan reads.

Booker would earmark $400 billion for research grants for clean energy technologies and solutions, including “commercialization of clean energy technologies.”

He also plans to dedicate $100 billion by 2030 to programs already in effect through the Department of Agriculture that make farms more climate resilient.

Like fellow contenders for the Democratic nomination Elizabeth Warren and Bernie Sanders, Booker would also reverse the Trump administration’s permits to continue work on the Keystone Pipeline and Dakota Access Pipeline as well as rejoin the Paris Climate Agreement, which the Trump administration pulled out of in 2017.

Booker’s plan is $1 trillion more than Warren’s plan but much less expensive than Sanders’s plan which would sink over $16.3 trillion into fighting the climate crisis.

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