Biden unveils $2.8 trillion plan to fight climate change

US presidential hopeful Joe Biden said he would spend US$2 trillion (S$2.8 trillion) over four years to promote his climate plan, a dramatic acceleration of the US$1.7 trillion he had proposed to spend over 10 years during the primary race.
US presidential hopeful Joe Biden said he would spend US$2 trillion (S$2.8 trillion) over four years to promote his climate plan, a dramatic acceleration of the US$1.7 trillion he had proposed to spend over 10 years during the primary race.

WILMINGTON • White House hopeful Joe Biden has unveiled an ambitious, US$2 trillion (S$2.8 trillion) climate change plan that would revamp the US energy sector and seek to achieve carbon pollution-free power in just 15 years.

The clean energy proposal was fleshed out in a speech in Wilmington on Tuesday as the veteran Democrat drew a sharp contrast with President Donald Trump ahead of November's election by arguing that fighting climate change would be a massive job creator under a Biden administration.

Insisting that "there's no more consequential challenge" today than climate change, Mr Biden pledged to spend US$2 trillion over four years to promote his plan, a dramatic acceleration of the US$1.7 trillion he had proposed to spend over 10 years during the primary race.

"Transforming the American electrical sector to produce power without producing carbon pollution... will be the greatest spurring of job creation and economic competitiveness in the 21st century," Mr Biden said. "That's why we're going to achieve a carbon pollution-free electric sector by the year 2035."

The plan also includes more ambitious goals than the proposal he released months ago when he ran as one of the more moderate Democrats in the party's nomination race.

By embracing some ideas of his progressive former rivals, including Senator Bernie Sanders and Washington Governor Jay Inslee, Mr Biden appears intent on winning over progressive voters who might be wary of the former vice-president's more centrist positions.

He reiterated that he would rejoin the Paris climate agreement that Mr Trump quit in 2017, fund the construction of 1.5 million new energy-efficient homes, upgrade appliance standards and prioritise renewable energy.

"We're not just going to tinker around the edges," Mr Biden said. "I know meeting the challenge will be a once-in-a-lifetime opportunity to jolt new life into our economy."

Mr Biden said he would reverse some 100 steps by Mr Trump to roll back environmental regulations. He also recalled parts of his earlier climate proposal that would put the nation on the road to net zero emissions economy-wide no later than 2050.

Mr Trump delivered a rebuttal hours later, accusing Mr Biden of launching a "hard-left crusade against American energy" and pushing a platform "that would demolish the US economy".

"He wants no oil and gas," Mr Trump said as he criticised Mr Biden's plan to reduce carbon emissions.

Mr Biden leads Mr Trump on most issues, according to polls, but voters still see the President as stronger on steering the US economy.

AGENCE FRANCE-PRESSE

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A version of this article appeared in the print edition of The Straits Times on July 16, 2020, with the headline Biden unveils $2.8 trillion plan to fight climate change. Subscribe