Former Vice President Joe Biden clapped back at critics who have been roasting him for taking a “middle ground” on climate change by revealing plan to spend $5 trillion the issue.
While serving with former President Barack Obama, their administration had a climate agenda that included joining the Paris Climate Accords and beefing up regulations on businesses. But that wasn’t enough for many Democrats.
During a campaign speech in May, Biden told the crowd that he was hoping to find a “middle ground” for his climate policy. While many Democrats announced support for the Green New Deal, Biden saw a complete economic mobilization toward climate protection to be a step too far.
As IJR Blue reported, this didn’t sit well with many Democrats. Green New Deal author Rep. Alexandria Ocasio-Cortez (D-N.Y.) called Biden out, saying, “I will be damned if the same politicians who refused to act then are going to try to come back today and say ‘we need a middle of the road approach to save our lives!’”
Biden must have gotten the message because he took to Twitter to reveal a $5 trillion climate change plan.
Watch Biden’s climate announcement:
We are in a climate emergency and we must take drastic action now to address it. So today, I’m announcing my plan for a Clean Energy Revolution and Environmental Justice.https://t.co/FbsOsyQkIo pic.twitter.com/SBDrdiFu2C
— Joe Biden (@JoeBiden) June 4, 2019
The former vice president’s plan would take $1.7 trillion in federal money and put it toward creating a 100% clean energy economy in the U.S. His goal is to have the U.S. be net-carbon-neutral by 2050, a goal of the United Nations. The remaining $3.3 trillion would come from the states and private investment in renewable energy.
These cost estimates are for the first ten years of his plan.
“Science tells us that how we act or fail to act in the next 12 years will determine the very livability of our planet,” Biden said in his announcement.
For now, Biden still considers this middle ground, even though it would raise corporate tax rates to cover the trillions needed to fund his plan. He notes that it goes “well beyond” the $90 billion spent by the Obama administration.
To Biden’s credit, his plan is a “middle ground” compared to the $93 trillion the Green New Deal would cost over the first ten years. It remains to be seen whether Democrats like Ocasio-Cortez will see this as a middle ground or not going far enough.