Kirsten Gillibrand is calling for $10T to combat climate change
She also set a nearer target to achieve net-zero electricity emissions within a decade. Her plan would tax and phase out fossil fuels while tightening regulations. Many of those efforts — like closing the so-called “Halliburton loophole,” which exempts fracking operations from drinking water standards — would require help from Congress.
Gillibrand wants to impose a $52 per metric ton carbon tax, spending the $200 billion of annual revenues on renewable energy, and a separate fossil fuel “excise tax” to generate $100 billion per year for projects to adapt to climate change. Like other candidates, she’d also end tax incentives for fossil fuel companies.
Gillibrand would reduce the federal government’s carbon footprint through purchasing and infrastructure permit requirements. She also wants to fund a clean energy “space race” and spend $100 billionMatching other candidates, she would end new fossil fuel exploration on public lands. She also would phase out existing leases.
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