Beto O’Rourke, who has described climate change as the top issue of his campaign, released a proposal that would spend trillions of dollars to wean the country off fossil fuels with a goal to reduce net greenhouse gas emissions to zero by 2050.
Democratic presidential candidate and former Texas Rep. Beto O'Rourke, left, talks with Anne Kelly, director of the Sierra Nevada Research Stations, and environmental advocate Leslie Martinez in Yosemite National Park.
“It’s a really powerful experience,” he said, “to think of some of the oldest organisms, oldest life on the face of the planet … and then lives coming to existence right now, human life, that is compromised by what we’re doing to one another, to this planet and to sacred places like Yosemite.” O’Rourke proposes $1.5 trillion in federal spending, which could then be combined with state and local dollars as well as private capital for a total $5-trillion package.
By setting that standard, O’Rourke’s proposal said, it would send a clear message to polluters that there was a price for emitting carbon. The plan does not lay out a specific way to set that price and, therefore, to charge producers of greenhouse gas. There have generally been two policy approaches to carbon pricing: a carbon tax or a cap-and-trade system, under which polluters need to purchase permits to emit.
“We’re talking about ensuring that leadership at every level, from governments to entrepreneurship to farmers and ranchers and those that produce the food and fiber upon which we depend, is brought to bear on this challenge,” O’Rourke said. “This is by far the most ambitious plan to confront climate change that we have ever seen.”
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