(CNN) Democratic presidential candidate John Delaney became the latest 2020 candidate to unveil a plan to combat climate change on Thursday, rolling out a $4 trillion proposal that includes a carbon tax and a substantial increase to the Department of Energy's budget to spur green technology investment. The largest portion of the former Maryland representative's plan is his proposal to tax carbon polluters and redistribute that money to the American people, which he has dubbed the "Carbon Fee and Dividend" proposal. While the plan is touted to be worth $4 trillion, most of that -- $3 trillion -- would be raised from Delaney's proposed carbon tax. The remaining $1 trillion would include government spending on carbon capture technology and an increased budget for DOE. The plan also looks to increase the number of government grants on combating climate change and spur volunteerism to deal with the issue through a newfound "Climate Corps."

Source: CNN May 23, 2019 20:15 UTC