The world energy market has shown over the past few weeks and months that it can easily cope with the collapse of Venezuelan oil exports, the cut-off of most supplies from Iran and even an attack on Saudi Arabia’s key oil export facilities. It is not, however, prepared for the dramatic change that could occur if the Democratic party wins next November’s US presidential election. Elizabeth Warren, one of the leading Democratic candidates vying to be the party’s nominee, has shown her serious intent by producing a detailed costed and viable policy plan, prepared by experts, for every issue – including on energy and climate change.
Here are some of the headlines of the energy plan the senator launched at the beginning of September:
- By 2028, 100 per cent zero-carbon pollution for all new commercial and residential buildings
- By 2030, 100 per cent zero emissions for all new light-duty passenger vehicles, medium-duty trucks and all buses
- By 2035, 100 per cent renewable and zero-emission energy in electricity generation, with an interim target of 100 per cent carbon-neutral power by
The plan, with a promise of $3tn in federal investment, was supplemented by a tweet in which Mrs Warren said:
“On my first day as president, I will sign an executive order that puts a total moratorium on all new fossil fuel leases for drilling offshore and on public lands. And I will ban Fracking – everywhere.”