The Biden model looks less like an equitable green transition than a Prius economy — a hybrid model of green energy and fossil fuels, wedged together side by side. Like hybrid cars, which can’t run on electricity alone, the Prius economy yields some climate progress while holding back more ambitious change.
To cut carbon pollution at the necessary speed and scale, climate scientists are calling for comprehensive economic change. To win lasting political support for that transition, we need a green economic populism that helps voters more easily get from one paycheck to the next.
Climate issues are fueling this cost-of-living crisis, especially for the poor and working class. Volatile oil prices drive inflation, while hotter temperatures spike utility bills. Extreme weather pushes up home insurance premiums — raising monthly costs and making new homes more expensive to build. Climate breakdown is also increasing food costs, hitting those with low incomes the hardest.
Many Americans are plagued by endless bills and dangerous weather. Green economic populism heals some of that pain today while still building for the future.
