Today, Mayor Pete Buttigieg revealed his climate plan, a comprehensive vision to tackle some of the most carbon-intensive sectors of our economy. While similar in many ways to Senator Cory Booker’s plan, keep reading for our breakdown of high-level points from this plan.

Net Zero: No later than 2050

Cost: No total cost was initially identified, although individual spending programs) such as a $200 billion investment over 10 years in community economic development and training) were included.

Price on Carbon: In Mayor Pete’s own words, “My administration will work with Congress to pass an economy-wide price on carbon, which will automatically increase each year. Revenue will be 3 rebated back to Americans, meaning low- and middle-class households will receive enough to be better off economically than they were before.”

Clean Energy Investment: This plan will quadruple federal clean energy R&D funding to $25 billion per year by 2025, investing more than $200 billion over 10 years.

Spur Ingenuity: The Buttigieg plan will create innovative investment funds such as the American Clean Energy Bank, the Global Investment Initiative, the American Cleantech Fund and will issue U.S. climate action bonds to help pay for clean energy and resilience deployment projects. The plan states that “like World War II-era war bonds, these climate bonds will enable every American to invest in climate action and feel that they own a piece of our future.”

Worker Protection: “We will focus on strengthening American manufacturing and creating new industries and union jobs with good wages and strong worker protections across the nation.” Additionally, the Buttigieg plan will incentivize strong labor standards at companies producing clean energy technologies, like electric vehicles, efficient appliances, and other components of the clean energy economy.

As with Senator Cory Booker’s plan, the Buttigieg plan will eliminate subsidies to fossil fuel companies.

Frontline Communities: “In addition to the creation of Health Equity Zones introduced in our Douglass Plan, we will deploy community-centric resources—including resilient transportation options and community solar—so those without a rooftop or car can access locally-sourced clean energy and accessible public buses, subways, and low-cost car share systems.” For indigenous communities, Mayor Pete’s plan will elevate consultation with tribal governments and Native communities and will fight alongside tribes to stop any development that potentially harms their land and people.

Jobs Programs: This plan includes a new Climate Corps focused on resilience and funded through an innovative partnership with the private sector. Activities include training for communities on sustainability options, and resilience opportunities; resilience upgrades for homes in vulnerable communities; teaching in schools and communities on issues such as sustainability and conservation; and data and program analysis for local communities on how they can access support from public and privately-sponsored programs, grants, and technical assistance.

What Stands Out About This Plan: This plan asks America to stand up, live up to its potential, to shape the future for the better. It’s how I (Miro) imagine President Jed Bartlet would address the nation by not dwelling on its pitfalls but by highlighting the immense opportunity of taking action. Mayor Buttigieg also addressed reducing emissions in heavy-duty vehicles, rail, ships, and aircraft which is incredibly important but has often been overlooked or only briefly mentioned in other plans. What’s also noteworthy about this plan is how it will position the United States as a global arbiter of solutions when it comes to climate action whether it’s through trade, the G7 and G20, or how the United States might support its own national security interests through investment in climate resiliency and mitigation efforts abroad.