Progressive advocates propose $2T 'green stimulus' plan
Progressive activists are proposing a “green stimulus” plan that would aim to boost the economy through the implementation of environmental reforms in various sectors.
The advocates and academics behind the plan outlined their at least $2 trillion proposal that aims to accelerate the transition away from fossil fuels and create “green jobs” in an open letter to Congress posted Sunday.
The proposal includes certain elements of the Green New Deal, a broad policy framework that seeks to mobilize the U.S. economy to fight climate change.
It comes amid projections that the U.S. has fallen into a recession and that unemployment may increase dramatically as businesses shutter during the coronavirus pandemic.