Steyer unveils climate plan including $200B 'Global Green New Deal Fund'

Democratic presidential candidate Tom SteyerTom SteyerBloomberg wages war on COVID-19, but will he abandon his war on coal? Overnight Energy: 600K clean energy jobs lost during pandemic, report finds | Democrats target diseases spread by wildlife | Energy Dept. to buy 1M barrels of oil Ocasio-Cortez, Schiff team up to boost youth voter turnout MORE on Friday unveiled his plan to combat climate change globally, including a “Global Green New Deal Fund” that would cost $200 billion over 10 years. 

The plan would commit $20 billion annually for 10 years to fund global climate justice projects, according to a statement from his campaign. A post outlining the plan said that the fund would be U.S.-led and would “leverage private capital.” 

The post also said that Steyer hopes to transition to a carbon-neutral economy and would try to make all noncombat military operations, facilities, and contracts carbon-neutral by 2030.


The candidate added that he would rejoin the Paris climate agreement, which Trump withdrew the U.S. from. 

“From day one of my administration, I will center the climate crisis at the heart of my foreign policy,” Steyer said in the document with the plan. “As we redouble our efforts at home, I pledge to reestablish the U.S. at the forefront of global climate leadership.”

Steyer is among more than a dozen people vying for the 2020 Democratic presidential nomination and qualified for the October Democratic debate. 



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