Vijay Jayaraj: "In his recently unveiled $2 Trillion Clean Energy Plan, Biden says that he will “move ambitiously to generate clean, American-made electricity to achieve a carbon pollution-free power sector by 2035.” In other words, he intends to put $2 trillion of irreversible funding into making the American power sector completely devoid of coal, oil, and natural gas, from which America currently generates more than 62 percent of all its electricity. Would Biden’s plan usher in a California-like situation in the rest of the country? The answer to that question is yes. Even if Biden implements a proportion of what he has promised, there will be a considerable impact on energy security on a national level."
Schumer warns climate impacts will be 'catastrophic' without immediate action - Senate Democrats on Tuesday rolled out an ambitious climate change plan that calls for spending $400 billion annually to achieve net-zero emissions no later than 2050, even as California struggles with rolling blackouts under a comparable statewide renewable energy standard. The 263-page report, the latest of the Democratic Green New Deal-style proposals, seeks to increase federal spending to address climate change by at least 2% of U.S. gross domestic product annually, or about $400 billion, with a guarantee that 40% of the benefits would go to minority and disadvantaged communities.
“The climate crisis is not some distant threat. It is here now, and it will be catastrophic if we don’t strike back immediately,” said Senate Minority Leader Charles E. Schumer, New York Democrat. “Over the next few decades, climate change will affect every part of American life: our health, our economy, our national security, even our geography.” ...
Steven Milloy, publisher of JunkScience.com and a member of the Trump EPA transition team, said the spending would “accomplish nothing — but at great cost.” “Regardless of one’s views on climate science, U.S. emissions are an ever-shrinking part of global emissions,” Mr. Milloy said. Carbon dioxide emissions dropped 12% in the U.S. from 2005 to 2018, according to the EPA, and rose nearly 24% worldwide. “Democrat plans to ‘decarbonize’ the economy would only raise energy prices, reduce our standard of living and put our national security in jeopardy without changing, much less improving, the weather,” Mr. Milloy said.