U.S. Sen. and 2020 Democratic Presidential candidate Cory Booker unveiled a plan on Tuesday to combat climate change with the creation of a 100 percent carbon-neutral economy by 2045; millions of jobs; and a guaranteed right to clean air, water and soil.
“We are facing a dual crisis of climate change and economic inequality,” said Booker. “Without immediate action, we risk an incredible human toll from disasters, health impacts, rising national security threats, and trillions of dollars in economic losses.”
The plan, according to Booker, makes an unprecedented investment in clean energy, energy storage, and electric vehicles — the kind of technology and infrastructure that will power a carbon-free economy. He also said his plan would build an economy that is 100 percent carbon neutral and would create millions of jobs throughout the country via a $400 billion community-based investment.
Booker said as president he would invest to advance environmental justice, “because we can’t move forward into the clean energy economy without righting the wrongs of decades of pollution and corporate greed in marginalized communities.”
“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,” he said. “That’s exactly what I’ll do as president.”
To phase out the use of fossil fuels, Booker’s plan would end tax subsidies to the fossil fuel industry; bar all new onshore or offshore fossil fuel leases; phase out fracking; require fossil fuel companies to stop methane leaks from all sources or be subject to significant fines; ban new fossil fuel infrastructure after 2025; reinstate the ban on crude oil exports; and expand the ban to cover all fossil fuel exports by 2030.
In addition, the plan would require fossil fuel producers pay a carbon fee on fossil fuel sources at the coal mine, natural gas wellhead and oil refinery — with substantial revenue being returned to Americans in the form of a monthly dividend.
The plan also makes sweeping new investments to reassert global leadership in research and development. It would fund a Moonshot Hub in all 50 states, each charged with tackling the most important and difficult challenges in basic science, applied research, manufacturing, and commercialization in their dedicated field.
Booker would also expand sustainable agriculture practices, reforestation, and coastal wetlands restoration, through strong labor standards, funding disaster relief and preparedness, incentivizing distributed ownership of renewable technologies, engaging with communities to make their own energy and environmental choices, and ensuring a just transition for fossil fuel workers.