Steyer unveils climate plan including $200B 'Global Green New Deal Fund'

Steyer unveils climate plan including $200B 'Global Green New Deal Fund'
© Greg Nash

Democratic presidential candidate Tom SteyerTom SteyerBiden Cabinet picks largely unify Democrats — so far Late donor surges push election spending projections to new heights New voters surge to the polls MORE on Friday unveiled his plan to combat climate change globally, including a "Global Green New Deal Fund" that would cost $200 billion over 10 years. 

The plan would commit $20 billion annually for 10 years to fund global climate justice projects, according to a statement from his campaign. A post outlining the plan said that the fund would be U.S.-led and would "leverage private capital." 

The post also said that Steyer hopes to transition to a carbon-neutral economy and would try to make all noncombat military operations, facilities, and contracts carbon-neutral by 2030.


The candidate added that he would rejoin the Paris climate agreement, which Trump withdrew the U.S. from. 

"From day one of my administration, I will center the climate crisis at the heart of my foreign policy," Steyer said in the document with the plan. "As we redouble our efforts at home, I pledge to reestablish the U.S. at the forefront of global climate leadership."

Steyer is among more than a dozen people vying for the 2020 Democratic presidential nomination and qualified for the October Democratic debate.