Independent Vermont Senator and Democratic presidential candidate Bernie Sanders has released an ambitious “Green New Deal” plan that at least one of his senior aides agrees is “what it’ll take to save the world.”
On Thursday morning, Sanders unveiled “The Green New Deal” on his campaign website, a $16.3 trillion plan to “Avert Climate Catastrophe and Create 20 Million Jobs” that Sanders says will pay for itself in 15 years.
The comprehensive plan calls for massive investments in energy infrastructure, public transportation, transition for fossil fuel workers, among other things, and the civil and criminal prosecution of fossil fuel companies.
According to Sanders, the plan has been “scored by experts,” and will pay for itself within 15 years by:
- Making the fossil fuel industry pay for their pollution, through litigation, fees, and taxes, and eliminating federal fossil fuel subsidies.
- Generating revenue from the wholesale of energy produced by the regional Power Marketing Authorities. Revenues will be collected from 2023-2035, and after 2035 electricity will be
- virtually free, aside from operations and maintenance costs.
- Scaling back military spending on maintaining global oil dependence.
- Collecting new income tax revenue from the 20 million new jobs created by the plan.
- Reduced need for federal and state safety net spending due to the creation of millions of good-paying, unionized jobs.
- Making the wealthy and large corporations pay their fair share.
Senior Sanders campaign officials promoted the plan heavily on Twitter Thursday morning, including National Field Director Becca Rast, who retweeted a supporter thanking Sanders for the plan, and saying “This is it. This is everything, This is what it’ll take to save the world.”
— Kaniela Ing (@KanielaIng) August 22, 2019
Sanders’ plan coincides with the exit of Washington Governor Jay Inslee — who made climate change his signature issue — from the Democratic presidential race, and with Sanders’ visit to wildfire-ravaged Paradise, California.
Photo by Alex Wong/Getty Images
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