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Will Biden be the climate change president?

Optimism is growing that President-Elect Biden will take on climate change as he pledged during the campaign. In Biden's view, climate change is an "existential threat," warranting an important place among his key priorities. It is far from clear that the new administration will be able to get climate friendly legislation through Congress given Republican control. Nevertheless, with two-thirds of 2020 voters in the U.S. reportedly saying that climate change is a serious problem, and having named former Secretary of State John Kerry as Biden's new Climate Envoy (who signed the Paris Agreement for the U.S. in 2015), it seems like circumstances are falling in place for meaningful support in advancing the fight to reduce greenhouse gas emissions, including opportunities for the new administration to: weave climate objectives into every executive action domestically and internationally; restore the stature of environmental agencies; and implement a clear regulatory plan that combines clean energy with economic growth

"In the past four years, the economics of clean energy have improved vastly, foreign countries have upped their game, and demand among businesses for federal action has shot up. If that still does not translate into passing a big climate bill, it may be that Mr. Biden can nevertheless cobble together enough smaller initiatives that, added together, lead to large reductions in greenhouse gas emissions."

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Tags

sustainable finance, climate change and environment