Biden's New Climate Plan Would Spend $2 Trillion in Four Years

Biden is amping up his campaign promises to leverage the federal government in the fight to reduce greenhouse emissions in the U.S. economy.

Read Time: 1 minute

July 19, 2020, 11:00 AM PDT

By James Brasuell @CasualBrasuell

Electric vehicle

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"On Tuesday, Biden unveiled a new climate plan that expands on his initial proposal by spending $2 trillion over four years instead of $1.7 over a decade," reports Zoya Teirstein. 

"It calls for getting rid of all emissions from the electricity sector by 2035, creating a million new jobs building electric vehicles and charging stations, retrofitting existing buildings and constructing new ones to make the housing sector energy efficient, and ensuring that 40 percent of the benefits of this spending on green initiatives goes to disadvantaged communities," explains Teirstein.

Among some smaller pieces of the climate plan are several programs intersecting with the interest of planners, including promises to invest in plans and infrastructure that prioritizes bikes, pedestrians, and micromobility.

Additional news coverage of Biden's new climate plan is available at Smart Cities Dive, NPR, New York Magazine, and the Associated Press. An opinion piece saying the plan would be a disaster for workers and the economy needs the kinds of deregulation pursued by the Trump Administration, is available on Fox Business.

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