2020 hopeful John Delaney unveils $4T climate plan

2020 hopeful John Delaney unveils $4T climate plan
© Greg Nash

John DelaneyJohn Kevin DelaneyElizabeth Warren moves 'bigly' to out-trump Trump DNC goof: Bloomberg should be on debate stage Bloomberg decides to skip Nevada caucuses MORE is adding his name to a growing list of Democratic presidential hopefuls rolling out climate action plans, with a $4 trillion proposal announced on Thursday.

The former Maryland congressman's plan focuses on six key areas to tackle the “climate crisis,” including an introduction of a carbon tax, renewable energy investments and funding carbon capture technology.

“We have to act on climate and we have to act now,” Delaney said in a statement. “We need a real plan to hit our goals and we have to listen to actual scientists. This is a real plan that all Americans can support. It is full of new ideas and massive investments in innovation that will both deal with climate change and create jobs in the heartland and all across our country.”

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He said the plan outlines initiatives he would achieve within the first 100 days of taking the presidency.

Delaney’s campaign called his commitment to a carbon tax, or fee, the largest component of his climate plan. He proposes starting the fee on carbon pollution at $15 per metric ton of Co2 and increasing the cost by $10 every year. The issue was an important one for Delaney while he was in Congress. He introduced the first bipartisan carbon fee and dividend bill in over 10 years, according to his campaign.

He said his plan would reduce carbon emissions by 90 percent by 2050.

Delaney is the fourth Democratic presidential candidate to release a comprehensive climate action plan, following Washington Gov. Jay InsleeJay Robert InsleeOur government and public institutions must protect us against the unvaccinated Key moments in the 2020 Democratic presidential race so far 2019's political winners and losers — on both sides of the aisle MORE, Colorado Sen. Michael BennetMichael Farrand BennetSanders to headline Iowa event amid impeachment trial On The Money — Presented by Wells Fargo — Sanders defends vote against USMCA | China sees weakest growth in 29 years | Warren praises IRS move on student loans Klobuchar on missing campaigning for impeachment: 'I can do two things at once' MORE and former Texas Rep. Beto O’Rourke, who announced a $5 trillion proposal.

Many of the party's 2020 candidates have also embraced climate change as a key issue to their campaigns.

Sens. Elizabeth WarrenElizabeth Ann WarrenNYT editorial board endorses Warren, Klobuchar for Democratic nomination for president Trump rails against impeachment in speech to Texas farmers Biden breaks away from 2020 pack in South Carolina MORE (D-Mass.) and Cory BookerCory Anthony BookerBooker ahead of Trump impeachment trial: 'History has its eyes on us' Sunday shows preview: Lawmakers gear up for Senate impeachment trial DNC announces new criteria for New Hampshire debate MORE (D-NJ.) have both introduced policy plans that touch on curbing carbon emissions. Warren also last week called for a primary debate solely focused on climate change.

Sens. Amy KlobucharAmy Jean KlobucharNYT editorial board endorses Warren, Klobuchar for Democratic nomination for president Sanders v. Warren is just for insiders Buttigieg to attend MLK Day event in South Carolina after facing criticism MORE (D-Minn.) and Bernie SandersBernie SandersNYT editorial board endorses Warren, Klobuchar for Democratic nomination for president Trump rails against impeachment in speech to Texas farmers Biden breaks away from 2020 pack in South Carolina MORE (I-Vt.), meanwhile, have both pledged to refuse campaign donations from the fossil fuel industry and embraced the Green New Deal progressive climate plan.

Former Vice President Joe BidenJoe BidenNYT editorial board endorses Warren, Klobuchar for Democratic nomination for president Trump rails against impeachment in speech to Texas farmers Biden breaks away from 2020 pack in South Carolina MORE is also working on his own climate plan, which is expected to have a more moderate focus.

South Bend, Ind. Mayor Pete ButtigiegPeter (Pete) Paul ButtigiegBiden breaks away from 2020 pack in South Carolina Sanders says gender 'still an obstacle' for female politicians Sanders v. Warren is just for insiders MORE is the only other 2020 candidate to say he will aim for a carbon tax if elected. Last week, he laid out some policy positions that pointed towards supporting a tax on carbon.

A carbon tax has been a hot topic of late. On Wednesday, the CEOs of 75 major businesses, including Microsoft and BP, flooded Capitol Hill to preach the implementation of a federal carbon tax to lawmakers on both sides of the aisle.

The issue is largely considered a moot point with Republicans controlling the Senate and the White House.