The Biden Presidency and Cleantech: Prospects for Growth
By admin December 4, 2020

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President-Elect Biden Announces Economic Appointees And Nominees For Upcoming Administration : News Photo

(Photo by Alex Wong/Getty Images)

President-Elect Biden will re-commit to the Paris Agreement and has already established the Green Economy/Sustainability as a core part of his “Build Back Better” economic recovery plan. So, will the Biden admin move quickly to generate (green) new jobs & address the climate? Much depends on the GA Senate runoffs in January but we still expect unprecedented government action as well as increased private sector investment. (Expect a slew of executive orders if there’s gridlock.)

Here’s a quick summary from Christine Hall at Crunchbase:

“Investors predict his programs will include the return of more U.S. Department of Energy-funded projects, more access to federal land, longer permit times for oil and gas, and funds tied to regulatory incentives, as well as expanded opportunities to invest in startup innovation, especially in the areas of the electricity grid and infrastructure.”

“Biden’s campaign referenced the Green New Deal, which calls for moving away from fossil fuels and making cuts to greenhouse gas emissions, as “a crucial framework for meeting the climate challenges we face.” However, it seems like he has his own agenda that includes achieving net-zero emissions by 2050, more investment in wind and solar projects, reversing President Donald Trump’s withdrawal of the U.S. from the Paris Agreement, and investing $2 trillion “to meet the ambitious climate progress that science demands.”

“We won’t see anything like the Green New Deal passing, but we are still optimistic that sentiments of it will be implemented,” Katie McClain, a partner at Energize Ventures, told Crunchbase News. “Infrastructure is greatly needed to….”

Click HERE for the full article.

NOTE: At TBG, we believe that Climate Change is real and we are committed to sustainable solutions via our consulting, advisory and investment solutions. Just send an email for more information on our Energy & Environment solutions, and TBG Capital’s Cleantech investment solutions.

#climate #climatechange #green #energy #renewableenergy #sustainability #greeneconomy #greendeal

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