Senate Dems Unveil Costly, Ineffective ‘Green New Deal’ Plan

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Climate Change Dispatch by Valerie Richardson on Aug 26, 2020

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.”

More: https://climatechangedispatch.com/senate-dems-unveil-costly-ineffective-green-new-deal-plan/