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Note: The Rundown will be on hiatus next week, but stay tuned
for analysis and insights on the first 100 days of the Biden
administration from Roosevelt President & CEO Felicia
Wong.
Climate-Forward
At today’s virtual
Earth Day conference, President Biden
pledged that the US would halve its greenhouse gas emissions by 2030,
compared to 2005 levels—a decarbonization
trajectory that would get us to net zero before 2050.
“The countries that take decisive
action now to create the industries of the future will be the ones
that reap the economic benefits of the clean energy boom that’s
coming,” he said. “I see an opportunity to create millions
of good-paying, middle-class, union jobs.”
So does Roosevelt Chief Economist
Joseph Stiglitz, who outlined the opportunities of green investment
before the US Senate Committee on the Budget last
week.
“The investments themselves will
create an enormous number of jobs, stimulating the economy and
banishing to the past discussions of secular stagnation that have
abounded for the past two decades,” he explained.
“The number of jobs that will be
lost in the old fossil fuel industries are dwarfed by those that will
be created in the new industries. The value created in the new
industries will also dwarf the value of the stranded assets in the
fossil fuel and related sectors.”
Read Stiglitz’s
remarks,
and catch up on Roosevelt’s latest climate work with these three fact
sheets:
Join the
Conversation
“A wealth tax is popular among voters on both sides of the
aisle, and that's for a good reason: because they understand that the
system is rigged,” Sen. Elizabeth Warren (D-MA) said in the opening
remarks of this week’s Roosevelt webinar, Fair
Share: How Wealth Tax and Progressive Taxation Can Create
Equity. “We need to make real investments in
this country. That's how we build opportunities going forward for our
children and for young people. It's how we narrow the racial wealth
gap. And it's how we level the playing field.”
For more from Warren, moderator
Lindsay
Owens, and
speakers Kitty
Richards,
Darrick
Hamilton, and Amanda
Fischer,
watch
the webinar.
And on Tuesday, April 27 at noon
ET, join the launch event for Immigration
Matters: Movements, Visions, and Strategies for a Progressive
Future, a
book co-edited by Roosevelt Fellow Deepak Bhargava.
Learn
more and register.
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