Bernie Sanders’s ‘Green New Deal’: A $16 Trillion Climate Plan

"Mr. Sanders’s campaign estimated that roughly $3.1 trillion would be generated from “making the fossil fuel industry pay for their pollution” through new but unspecified fees and eliminating $15 billion in annual subsidies; another $1.2 trillion would come from “scaling back military spending on the global oil supply,” and $2.3 trillion would be collected from new income tax revenues from new jobs in the renewable energy industry, among other measures.

The spending would go toward researching energy storage and electric vehicles, supporting small farms and developing ways to “make our plastic more sustainable through advanced chemistry.” Under the plan, the federal government would also provide five years of unemployment insurance, a wage guarantee, housing assistance and job training to “any displaced worker” in the fossil fuel industry."

READ THE NEWSTORY BY LISA FRIEDMAN