U.S. climate change policy is set for a shake up, following the results of the Presidential elections this November. Citizens and international investors alike are on the edge of their seats, anticipating how President Elect Biden’s new policies will affect the financial markets.
The election juxtaposed two opposing approaches to U.S. climate change policy, specifically relating to clean energy and regulation. Biden plans to roll back on many of Trump’s mandates.
It’s a fork in the road for auto emissions; The incumbent administration rolled back Obama-era regulations, now Biden has made a promise to incentivize clean vehicle production.
Over the last three and a half years, the U.S. has fallen behind the European Union, which plans to reduce emissions by at least 55% by 2030; Biden plans to update U.S. climate change policy and reposition the country as a world leader.
It’s obvious to both the public and investors that Trump and Biden …