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Meet America’s Newest $9 Trillion Climate Change Solution

Democratic Presidential hopeful and Washington Governor Jay Inslee unveiled a plan today for combating climate change through an oft-before cited transition away from fossil fuels and towards renewable energy.

The proposal, which Inslee refers to as the “Evergreen Economy Plan”, would cost $9 trillion and is distinct from the Green New Deal championed by AOC. Inslee says his plan seeks to create eight million jobs over ten years while it builds a “clean energy economy”.

The hefty price tag for the EEP would come from government ($300 billion annually) as well as private ($600 billion annually) funds. Inslee took the opportunity in announcing his plan to pat himself on the back for his clean energy efforts in his home state of Washington, which, Inslee says, is the “fastest-growing economy in the nation.”

The plan may divide the democratic party with those who back the Green New Deal and the Evergreen Economy plan. Inslee told the Guardian, however, that where the Green New Deal was like saying we should go to the moon, whereas his plan was like how to build the rocket ship.

Inslee is focusing on climate initiatives as the basis for his 2020 campaign for the White House, which Inslee says is the crux of other initiatives as well, with extreme temperatures and weather threatening everything from the economy and national security.

According to the extensive document outlining the plan, the EEP cites an “urgent need to support frontline, low-income, and Indigenous communities, and communities of color. These communities are being impacted first and worst by the accelerating damages of climate change, and have endured a legacy of air, water, toxics and climate pollution, along with a deficit of public investment and support.”

Inslee’s plan takes a shot at fossil fuels, calling for an end to “all manner of fossil fuel giveaways,” and protecting public lands.

By Julianne Geiger for Oilprice.com

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Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More

Comments

  • Dan Pearson - 16th May 2019 at 9:09pm:
    Trillions of dollars from the tax payers of the United States being pursued by the various 'carnival barkers' wanting to promote their 'NEW DEALS' which are based on eliminating ALL fossil fuels in their promised efforts to tame climate change while saving the Earth in the process.

    Would be nice to see some science backing their risk it all to save the Earth Plans. As the song from ELO goes, "Strange Magic"..... Regards.
  • Daniel Williams - 21st May 2019 at 1:58pm:
    This is precisely what is needed. Europe should take a page or two out of his book - precisely the type of figures that need to be raised. In fact, to replace 50% of all of Europe's 5000TWh of natural gas, this is equal to 600GW of offshore wind. At $1 billion per GW this is $600 billion, plus electrolysis this is $1 trillion.

    This is what is needed, and this is what will happen before 2050.
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