- Democratic Massachusetts Sen. Elizabeth Warren, if elected president, would spend $2 trillion over a decade to fund her version of the Green New Deal.
- Warren says her various “green” programs would create 1 million jobs, but that’s at a cost of about $2 million per job.
- “The climate crisis demands immediate and bold action,” Warren wrote of her global warming agenda.
Democratic Massachusetts Sen. Elizabeth Warren laid out her $2 trillion plan to fight global warming while creating jobs, mirroring the goals of the highly-publicized Green New Deal.
Warren, who’s running for the Democratic presidential nomination in 2020, proposed Tuesday three major policy programs to spend $2 trillion over a decade to create one million jobs — that comes out to one job for every $2 million spent. (RELATED: Joe Biden Promises Higher Taxes To Finance His Climate Change Agenda)
“The climate crisis demands immediate and bold action,” Warren wrote in a Medium post. “Like we have before, we should bank on American ingenuity and American workers to lead the global effort to face down this threat — and create more than a million good jobs here at home.”
“This is a challenge — but like the challenges America has faced before, it is also an opportunity,” Warren wrote, pitching her plan as a way for American businesses to “dominate” the future market in green energy technology.
If elected, Warren wants to implement her own version of the Green New Deal, which has become a litmus test for Democrats running for president seeking support from environmental activists.
“The United States is currently projected to spend roughly $1.5 trillion in the next ten years on defense procurement — a bloated number that’s far beyond what we need to keep ourselves safe.” Warren wrote.
“We should spend at least that much on purchasing American-made clean energy technology to address the climate crisis that threatens us all,” Warren wrote.
Democratic New York Rep. Alexandria Ocasio-Cortez’s chief of staff, an architect of the Green New Deal, praised Warren’s climate change plan, though he called for more government spending.
Warren is talking about this the exact right way. Sounds like someone actually read the Green New Deal resolution!Elizabeth Warren
✔@ewarrenReplying to @ewarren
My green manufacturing plan rewards American companies who invest at home. It’s funded by my Real Corporate Profits Tax on giant companies who try to dodge their fair share in taxes. It’ll create 1M new jobs & make the U.S. the leader in the global fight against climate change.
Former Vice President Joe Biden, the current Democratic presidential front-runner, also unveiled his climate change agenda Tuesday. Biden proposed $6.7 trillion to fight global warming, and signaled his willingness to spark a trade dispute with China over it.
Warren released a plan in April to ban new oil and natural gas drilling leases from public lands. Now, the former Harvard professor is expanding on her first climate policy pitch.
“The federal government’s World War II-era commitment to purchasing military items led to an enormous surge in American manufacturing capacity and set the stage for decades of sustained economic growth,” Warren wrote.
To that effect, Warren proposed a “Green Industrial Mobilization ” plan whereby the federal government would spend $1.5 trillion on bulk purchases of electric vehicles, energy-efficient light bulbs, storage batteries green power and discounted green power for states and local communities.
Warren also proposed requiring “all new federal government contracts for manufactured goods to have received relevant energy-efficiency, environmental-preference, and/or safety designations.”
“And we should require new grants issued by the Department of Transportation and other agencies for infrastructure to include sustainability requirements both for finished goods and for construction materials ,” Warren wrote.
Warren also pitched a $400 billion “Green Apollo Program” for green energy research and a $100 billion “Green Marshall Plan” to finance American-made green technology purchases in other countries.
In total, Warren proposed spending $2 trillion over the next decade to fight global warming — she also calls for a $15 an hour minimum wage, guaranteed paid leave and collective bargaining.