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Blue/Green New Deal #3

By:
Edward A. Reid Jr.
Posted On:
Jun 2, 2020 at 6:00 AM
Category
Climate Change

This commentary and those that follow will analyze the programs in each policy proposal which focus directly on minimizing climate change and its effects on society.

 

Green Stimulus Policy Menu

 

2. Transportation Workers, Systems and Infrastructure

Only one provision of this policy relates directly to climate change. That policy provision would fund grants and loans to local transit agencies and school boards for the purchase of electric railcars, rail engines and electric transit and school buses with the intent to eliminate purchases of diesel engine vehicles for these uses. Funding would also be provided to support electric bus and railcar manufacturing in the US. Again, there is no estimate of the funding levels proposed or required to achieve the objectives of this policy.

The policy includes numerous other provisions related to transit subsidies, affordable housing, transit project funding, and a “Fix It First” mandate for infrastructure spending including commuter rail infrastructure. Again, there is no estimate of the funding levels proposed or required to achieve the objectives of this policy.

 

3. Labor, Manufacturing and Just Transition for Workers and Communities

This policy would provide grants and no-interest loans to support US manufacturing of electric vehicles of all types and energy-efficient electric appliances.

It would implement a Green Durable Goods policy to support funding of continued production of green (electric) products, including direct government mass purchases.

It would create a “Cash for Clunkers” program for appliances to accelerate replacement of old, particularly gas, appliances with new electric appliances.

It would create a “public option” for electric appliance, vehicle and other durable goods procurement by other levels of government, cooperatives and NGOs.

The policy would create a “feebate” program to transfer pollution surcharge revenues to purchasers of “cleaner” products.

The policy would provide training opportunities for disadvantaged American “green entrepreneurs.

The policy would provide transition benefits for energy industry employees displaced by the move away from fossil fuels including wage replacement, health insurance and job training and placement, plus support for early retirement.

The policy would replace tax revenues lost by states and communities as the result of the discontinuation of fossil fuel exploration and production and assist in identifying economic development strategies.

This policy includes numerous provisions supporting worker cooperatives, union apprenticeship programs, recycling, low income preferences and women’s training and entrepreneurial support.  Again, there is no estimate of the funding levels proposed or required to achieve the objectives of this policy.