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 SteyerThe Hill's Campaign Report: Jacksonville mandates face coverings as GOP convention approaches Steyer endorses Markey in Massachusetts Senate primary Celebrities fundraise for Markey ahead of Massachusetts Senate primary 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.