While much of the debate around the Green New Deal has focused on the path to aggressive reductions in domestic greenhouse gas emissions, the science is clear: even if we reduce America’s emissions so that they are net-zero by 2030, we will still fall far short of the reduction in global emissions needed to avert a climate crisis. To satisfy this global need, we need rapid innovation on par with the space race along with widespread domestic and international adoption of clean, renewable, and emission-free energy technology.
This is a challenge — but like the challenges America has faced before, it is also an opportunity.
Over the next decade, the expected market for clean energy technology in emerging economies alone is $23 trillion. America should dominate this new market. We have the creative researchers, the skilled workers, and the basic infrastructure to develop, manufacture, and export the technology the world needs to confront the existential threat of climate change.
Here’s my plan for that: Invest $2 trillion over the next ten years in green research, manufacturing, and exporting — linking American innovation directly to American jobs, and helping achieve the ambitious targets of the Green New Deal. [Continue reading…]