Democratic presidential candidate Michael Bloomberg would push for all new cars to be electric by 2035 and new buildings to produce zero carbon emissions by 2025 as part of clean energy plans he released this week.
Democratic presidential candidate Michael Bloomberg speaks to supporters Wednesday, Jan. 15, 2020, in New York.
Bloomberg's latest climate plans build off his December plan to cut the United States' carbon emissions by 50% by 2030. That's less ambitious than the Green New Deal that many of his competitors have embraced that calls for achieving net-zero carbon emissions within 10 years. Bloomberg's plans do not include total costs or specifics on how they would be paid for, details his campaign advisers say they will share later.
Bloomberg would also invest in high-speed rail, pledging to build an operable segment in the next five years. The United States lags behind Europe and Asia when it comes to high-speed rail, and California's effort to build the nation's first major high-speed rail line, between Los Angeles and San Francisco, has been plagued by cost overruns and delays.
Bloomberg's clean-building plan calls for retrofitting homes to make them more efficient and offering rebates, tax credits and other ways to help people pay for increasing insulation and trading in boilers, heaters and other appliances that run on oil and gas. His plan would offer more federal dollars to cities and states that require owners of large buildings to reduce their pollution.
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