True: Joe Biden plans to invest $2 trillion in infrastructure to combat climate change.

By: Priyam Nayak
August 21 2020

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Democratic presidential nominee Joe Biden unveiled a $2 trillion clean energy and infrastructure plan on July 14, 2020. On July 14, 2020, Democratic presidential nominee Joe Biden announced a $2 trillion clean energy and infrastructure plan. The Clean Energy section of Joe Biden's campaign page says, 'Biden will make a $2 trillion accelerated investment, with a plan to deploy those resources over his first term, setting the U.S on an irreversible course to meet the ambitious climate progress that science demands.' The plan includes investments in infrastructure, auto industry, transit, power sector, buildings, housing, innovation, agriculture, conservation, and environmental justice. The Biden campaign says the plan would be paid for with a combination of stimulus and increases in the corporate tax rate. The 14-page plan commits to creating one million new jobs in the auto industry, including parts and materials manufacturing for electric vehicles, millions of union jobs to build infrastructure, one million jobs to upgrade four million buildings over four years, additional construction jobs for 1.5 million new sustainable housing units, and 250,000 jobs 'plugging abandoned oil and natural gas wells and reclaiming abandoned coal, hard rock, and uranium mines.' The plan would also aim to achieve a carbon pollution-free power sector by 2035 and net-zero emissions throughout the economy by 2050.