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Presidential Candidate Michael Bennet Proposes $1 Trillion Climate Change Plan
Colorado senator and 2020 hopeful Michael Bennet introduced his plan to combat climate change Monday, in the first major policy rollout of his campaign. Bennet's plan calls for the establishment of a "Climate Bank," using $1 trillion in federal spending to "catalyze" $10 trillion in private spending for the U.S. to transition entirely to net-zero emissions by 2050.
The plan also calls for a state "climate challenge," providing federal funds for states to slash emissions by 2030, as well as conservation of 30 percent of the country's lands and oceans by 2030.
The plan is short on specific policies to curb emissions, like a carbon tax or renewable energy mandates, which the Bennet campaign says would come during the first days of his administration.
For a deeper dive:
- 2020 hopeful Bennet proposes $1 trillion climate change fund ›
- 2020 Hopeful Bennet Proposes $1 Trillion Climate Change Fund ... ›
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Toxic Waste Will Continue to Grow for Decades Even if All U.S. Drilling and Fracking Halts Today, New Report Says
By Jessica Corbett
For more than three decades, the U.S. government has mismanaged toxic oil and gas waste containing carcinogens, heavy metals and radioactive materials, according to a new Earthworks report — and with the country on track to continue drilling and fracking for fossil fuels, the advocacy group warns of growing threats to the planet and public health.
Newly adopted guidelines set forth by the European Commission Tuesday aim to tackle climate change by way of the financial sector. The move comes to bolster the success of the Sustainable Action Plan published last year to reorient capital flows toward sustainable investment and manage financial risks from climate change, environmental degradation and social issues.