Pete Buttigieg unveils $ 1.1 trillion climate change plan

Presidential hopeful Democrat Pete Buttigieg unveiled Wednesday morning a $ 1.1 trillion plan on climate change, with the goal of achieving net net issuance by 2050 and creating more than 3 million jobs in clean energy and infrastructure over the next decade.

The mayor's plan for South Bend, Indiana, is based on three pillars:

• build a clean economy, made up of jobs in clean energy, strong rural communities and protection of natural resources
• investing in disaster relief and prevention in vulnerable communities
• building America's role on the international stage in the fight against climate change.

The climate proposal includes a $ 200 billion investment over 10 years in clean energy research and development, the creation of a $ 250 billion bank to fund innovative technologies, a $ 250 billion fund associated with $ 250 billion private investment with US green tech companies and a $ 50 billion seed fund for more risky and experimental ideas.

Buttigieg is 4.7% behind rivals Joe Biden, Bernie Sanders, Elizabeth Warren and Kamala Harris, according to an average of RealClearPolitics. He unveiled his plan ahead of Wednesday's climate change session, where candidates will each have 40 minutes to explain their climate policy to an audience. Buttigieg must be interviewed on his proposal at 10 pm

Buttigieg's plan focuses on the role of local government and state governments in addressing climate change, providing grants to its "Regional Resilience Centers" and creating a "Climate Summit" "made up of local leaders such as governors and mayors.

The plan calls for a $ 200 billion, 10-year transition fund for displaced workers and the renovation of existing mills and assembly lines for the creation of low-carbon products. It calls for a carbon price at the scale of the economy, set to increase automatically each year, as well as to greater investments in carbon dioxide capture and direct capture of dioxide. carbon in the air.

Buttigieg is not the first to suggest an investment in carbon capture, the Biden leader's plan also focused on nascent carbon capture, which, according to some critics, is only used for carbon capture. to extend the relevance of fossil fuel companies.

On the international scene, Buttigieg plans to reintegrate America into the Paris climate agreement, invest $ 5 billion in climate change mitigation strategies around the world and to play a larger role in international bodies such as the Arctic Council.

Buttigieg, the only millennium candidate in the presidential race, has also called for the creation of a "US Corps for Climate" open to high school graduates who are dedicated to the education of communities and rebuilding infrastructure to make them more resilient to the effects of climate change.

Buttigieg's goal of zero net goal has significant similarities with other Democratic candidates in the field, who have developed much of their platforms from the Green New Deal proposed by Representative Alexandria Ocasio-Cortez, DN.Y., and Senator Ed Markey, D-Mass.

Buttigieg's role in federal investment is much smaller compared to the proposals of Sanders, Warren and Biden.

Sanders proposed the largest federal investment in the fight against climate change, setting out its spending plan of $ 16.3 trillion over 15 years in renewable energy and public infrastructure.

Senator Kirsten Gillibrand, D-N.Y., Who dropped out of the race last week, was the second closest candidate, with her proposal for a $ 10 trillion "moonshot" plan for the next decade.

Warren's plan proposes a federal investment of more than $ 2 trillion over 10 years, while Biden's plan provides for a $ 1.7 trillion federal investment with local and national contributions totaling more than $ 5 trillion dollars.