By Timothy Gardner
A groundbreaking economic plan proposed by Brian Deese, a top economic adviser, calls for lending money to allies to purchase U.S. green energy technologies. This strategy, likened to a modern Marshall Plan, aims to combat climate change on a global scale.
Deese, who has advised Presidents Biden and Obama, envisions a program that benefits allies while serving American interests. This initiative, if implemented, could shape policies under a potential Harris presidency.
The plan emphasizes the creation of a Clean Energy Finance Authority to fund clean energy projects, positioning the U.S. as a leader in the fight against climate change. By leveraging expertise from the Department of Energy, the plan aims to accelerate the adoption of advanced technologies like nuclear energy and carbon capture.
Additionally, Deese advocates for tools such as tariffs to incentivize emissions reductions and the establishment of strategic mineral reserves to safeguard the supply chain for critical minerals.
Reflecting on past experiences, Deese highlights the importance of developing reserves for minerals, drawing parallels to oil reserves that helped stabilize prices during times of crisis.
Energy Secretary Jennifer Granholm has expressed interest in collective reserves for critical minerals, signaling a potential shift towards collaborative efforts with allies.
This comprehensive economic strategy not only addresses climate change but also positions the U.S. as a global leader in clean energy innovation. By investing in green technologies and fostering international partnerships, this plan has the potential to transform industries, protect the environment, and secure a sustainable future for generations to come.