Steyer unveils climate plan including $200B ‘Global Green New Deal Fund’
September 27, 2019
Democratic presidential candidate Tom Steyer 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.