Tag Archives: Green New Deal

Warren ‘Economic Patriotism’ Agenda: Address Climate Change With $2 Trillion Plan for Green Manufacturing and Create 1 Million Jobs

Democratic candidate for President, Senator Elizabeth Warren unveiled an Economic Patriotism Agenda that includes $2 trillion in investment in green manufacturing which would create 1 million jobs © Karen Rubin/news-photos-features.com

Charlestown, MA – Elizabeth Warren, Democratic Senator from Massachusetts who is seeking the Democratic nomination for president, laid out her vision of economic patriotism, calling for using new and existing tools to defend and create quality American jobs and promote American industry. Warren will continue to release individual plans reflecting how economic patriotism should shape our approach to specific parts of the American economy. She released the first plan: A bold $2 trillion investment of federal money over 10 years in American green research, manufacturing, and exporting — which includes ambitious new ideas to link American innovation directly to American jobs, and focuses on achieving not only the ambitious domestic emissions targets in the Green New Deal, but also spurring the kind of worldwide adoption of American-made clean energy technology needed to meet the international targets of the Green New Deal.

The plan is designed to ensure that American taxpayer investments in combating climate change result in good American jobs. The plan makes a historic $400 billion investment in clean energy research and development, and includes a provision that any production stemming from that federally-funded research should take place in the United States. It also makes a massive $1.5 trillion commitment to federal procurement of clean, green, American-made products over the next 10 years, and requires that all companies that receive federal contracts pay all employees at least $15 per hour, guarantee 12 weeks of paid family and medical leave, let employees exercise collective bargaining rights, and maintain fair schedules at a minimum. According to an independent analysis from Mark Zandi, chief economist of Moody’s Analytics, these provisions ensure that Warren’s Green Manufacturing Plan would boost economic growth and create more than a million new jobs right here at home.

Warren’s plan also includes a Green Marshall Plan — a commitment to using all the tools in our diplomatic and economic arsenal to encourage other countries to purchase and deploy American-made clean energy technology. It creates a new federal office dedicated to selling American-made clean, renewable, and emission-free energy technology abroad, with a $100 billion commitment to assisting countries to purchase and deploy this technology — supporting American jobs while supplying the world with the clean energy products needed to cut global emissions.

Warren’s plan also identifies specific cost offsets that, according to the Moody’s economic analysis, cover nearly the entire cost of her plan: her Real Corporate Profits Tax, ending subsidies for oil and gas companies, and closing tax loopholes that promote shipping jobs overseas.

Warren’s Green Manufacturing Plan comes after her Public Lands Plan, two in a series of proposals as she continues to lay out her vision for how we implement the Green New Deal.

“The climate crisis demands immediate and bold action. Like we have before, we should bank on American ingenuity and American workers to lead the global effort to face down this threat — and create more than a million good jobs here at home,” Warren said.

Read more about Warren’s vision of Economic Patriotism here.

Read more about Warren’s Green Manufacturing Plan here.