"Senate Democrats today issued a 260-page climate report recommending trillions of dollars in investments and a wide-ranging federal effort to slash greenhouse gas emissions, a preview of the party's priorities if it's able to claw back control of government in November.
To reach net-zero emissions by 2050, the report says, the country will need a plethora of new regulatory policies and federal spending on climate that amounts to at least 2% of gross domestic product annually — roughly $400 billion based on current GDP estimates.
"Those who deny the scientific evidence threaten all of us, and the report makes clear that immediate, focused action is critical to avoid the worst climate effects and achieve a clean energy future," Senate Minority Leader Chuck Schumer (D-N.Y.) said on a call with reporters this morning."
Nick Sobczyk reports for E&E News August 25, 2020.
SEE ALSO:
"U.S. Senate Democrats Unveil $400 Billion-A-Year Plan To Tackle Climate Change" (Reuters)
"Senate Democrats Map Out Climate Change Strategy" (The Hill)
"Senate Democrats Want To Build A Climate Coalition That Can Take on the Kochs" (Vox)
"Senate Democrats Pave Way For Fast Action On Biden Climate Bill in 2021" (Washington Examiner)
"3 Ways the Senate Democrats’ New Climate Plan Is All About Money" (Grist)
"The Case for Climate Action" (Senate Democrats' Special Committee on the Climate Crisis)
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