Cory Booker unveils $3 trillion climate change plan, creating 'Environmental Justice Fund'

James Marshall
September 4, 2019

Cory Booker, D-N.J., on Tuesday revealed a sweeping $3 trillion plan to combat climate change, calling to "accelerate the end" of fossil fuels and achieve "100% carbon-free electricity" by 2030.

Replace all residential, school, and daycare lead drinking water service lines and remediate all housing units and schools that contain peeling or chipping lead-based paint and high levels of lead-contaminated dust.

"As we address the existential threat of climate change, we must also confront deep and persistent economic inequality: the economy isn't working for millions of Americans, with income and wealth more concentrated among the ultra-wealthy than at any time since before the Great Depression", the plan reads. "Without immediate action, we risk an incredible human toll from disasters, health impacts, rising national security threats, and trillions of dollars in economic losses". He is among the 10 candidates - out of a field of 20 - who qualified for the third Democratic debate this month in Houston.

The senator has helped push back against President Donald Trump's efforts to allow offshore drilling off the Jersey Shore. He would ban all new drilling leases, both for offshore and onshore wells, end fracking used to tap natural gas, end taxpayer subsidies to the oil industry, and impose a carbon tax on sources of fossil fuels such as coal, natural gas and oil, much of which would be returned to USA taxpayers as a monthly dividend. Several lawmakers from both parties have introduced versions of a fee-and-dividend system in Congress, though none of the bills appear likely to pass.

In order to "advance environmental justice and invest in communities long left behind", Booker's plan calls for the creation of a United States Environmental Justice Fund, which would commit $50 billion a year to those communities.

The plan includes an array of executive actions, such as taking on companies that pollute with increased EPA enforcement, requiring all new passenger vehicles to have zero emissions by 2030, and imposing a ban on all new fossil fuel leases.

The New Jersey senator's plan aims to make the USA a 100 percent carbon-neutral economy by 2045 and combines two of his priorities, addressing economic inequality at the same time.

Other reports by Click Lancashire

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