Fueling the Energy Transition: Trends, Policy Proposals, and Potential Market Impacts
The outcome of the 2020 election will likely result in a significant repositioning of federal policy in favor of renewable and sustainable energy sources. The Biden Administration has set topline objectives of decarbonizing the power sector by 2035 and achieving economy-wide net-zero emissions by 2050. Declining costs of technologies, existing policies, and future legislative and executive action will make progress toward those goals. This paper briefly presents market trends and outlook by asset class, potential policy changes, and the impact such policy changes will have on each asset class.