2020 Democratic Hopeful and New Jersey Senator Cory Booker announced a plan worth $3 trillion to combat the climate crisis, if he is elected as the President. His plan has garnered the criticism of the fossil fuel industry as they would be required to pay a carbon fee on fossil fuels and their subsidies will expire.
In his plan Booker is not only pledging to spend on clean energy, but also to put an end to the usage of fossil fuels and establish an economy which will be 100 percent carbon neutral.
In a statement Booker said, “We are facing a dual crisis of climate change and economic inequality. Without immediate action, we risk an incredible human toll from disasters, health impacts, rising national security threats, and trillions of dollars in economic losses.”
Former Newark Mayor Cory Booker further added, “To end the real and growing threat of climate change and to create a more just country for everyone, we must heal these past mistakes and act boldly to create a green and equitable future.”
With his $3 trillion plan, Booker aims to expand his policies on a national level which includes development of clean energy, energy storage and electric vehicle technologies and plans to directly invest the sum.
From his plan, the 2020 Democratic Hopeful plans to spend $1.5 trillion in clean energy, energy storage, and electric vehicle technologies; $100 billion towards improving the existing sustainable agriculture practices; $400 billion to fund Moonshot Hubs in each state for research and development of new technologies; and $300 billion in climate resiliency and disaster relief.
Cory Booker, with his plans to combat climate change crisis, also plans to prevent lead seeping into lead pipes – just like it is currently happening with Newark water supply.
Booker’s plan to tackle the looming climate crisis stresses over the natural measures like tree plantation and environmental justice plank to address climate change and creation of Environmental Justice Fund.
In terms of finances, Booker’s plan is a lot economical than the $16 trillion plan by Vermont Sen. Bernie Sanders and is also in accordance with the $1.7 trillion plan of former vice-president Joe Biden.
Cory Booker, who gave a striking performance in the Second Democratic Debate, announced his plan a day prior to participating in prime-time town hall and this might further help him with the third democratic debate.