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The Green New Deal was launched under Joe Biden's tenure as vice president in an effort to combat climate changeand it's on track to be a "game-changer" if Hillary Clinton wins the election, according to a new report from the Union of Concerned Scientists.
The report, which calls the Green New Deal a "first-of-its-kind" environmental initiative in the US, says Biden's plan to invest $1 trillion in clean energy and infrastructure over the next 10 years is on track to create millions of jobs and reduce greenhouse gas emissions by 2030, the New York Times reports.
Biden's plan includes massive investment in electric vehicles, batteries, and other renewable energy technologies, as well as tax breaks and loans for businesses that invest in climate change technology, the report says.
"The FDR-styled Green New Deal, a trillion dollar project, has components to set up more EV and battery manufacturing plants, loans to businesses involved in climate resilient technology, associated infrastructure, and a whole set of tax breaks," the report says.
"Trump 2.0 would be the same, overturning or dismantling a swathe of initiatives brought in by President Joe Biden," the report says, warning that a Trump presidency would have "dire implications for the planet."
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A customized collection of news from foundations from around the Web.
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Foundation: Minneapolis Foundation
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California must consider how to increase interest in teaching and lower the cost of and barriers to entering the profession.AB-1128, a bill under consideration in the legislature, proposes a...more
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Social Entrepreneurship
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When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.