Joe Biden unveils $5 trillion climate plan

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Joe Biden unveils $5 trillion climate plan
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Joe Biden is pitching a $5 trillion-plus climate proposal that he says would lead the U.S. to net zero emission of carbon pollution by 2050.

Democratic presidential candidate

Biden, who announced his candidacy in April and is the clear leader in recent national and early-state primary polls, is offering his climate plan as some of his rivals suggest the 76-year-old former vice president is not bold enough. Massachusetts Sen. Elizabeth Warren said last weekend at the California Democratic Convention that"some Democrats in Washington believe the only changes we can get are tweaks and nudges." She added:"If they dream at all, they dream small.

Biden's plan hinges on tax breaks, direct spending and federal regulatory power. He'd start with reversing many actions of the Trump administration, which itself sought to roll back a range of Obama administration efforts on energy and the environment. Biden would add an aggressive push on the world stage, using U.S. political and economic muscle to limit emissions from other nations, including China.

Biden envisions expanding the nation's railways, with massive growth that theoretically would reduce car demand. He promises to complete the California High Speed Rail project; shrink by half the current travel time from Washington, D.C., to New York; and extend the existing Northeast Corridor into the South. That, along with new lines in the West and Midwest, would mean"an end-to-end ... system that will connect the coasts, unlocking new, affordable access for every American.

He calls for reducing carbon output from the nation's buildings by more than 50 percent by 2035, through both new construction and tax breaks for retrofits for existing commercial and residential properties. The Energy Department would be tasked with tightening efficiency standards for household appliances and equipment.

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