Biden Energy Policy
by Max Stewart
Democratic presidential candidate Joe Biden and former candidate Bernie Sanders joined forces earlier this summer to unify the Democratic party and outline a climate plan to put into place if presumptive candidate Joe Biden wins the Presidency this fall.
At a high level, the plan looks to achieve net-zero emissions by 2050 both in the U.S. and globally. Notable steps to hit this target include completely decarbonizing the U.S. power generation fleet by 2035, net-zero greenhouse emissions for all new buildings by 2030, installing 500,000 EV charging stations across the U.S. and converting 3 million vehicles owned by federal, state and local governments to zero-emission vehicles.
Biden sees this $2 trillion climate plan as a means to rebuild the U.S. economy following the COVID-19 pandemic. Biden has touted his plan as being the “biggest job creation opportunity of the 21st century.,” stating that “Even if we weren’t facing a pandemic and an economic crisis, we should be making these investments anyway.”
One thing is for sure, a Biden presidency will have an impact on energy costs across the country. Atlas Retail Energy continues to keep a close watch on the election and how each potential candidates’ policies will affect clients’ energy budgets. Be sure to reach out to an Atlas Advisor today to discuss how pending regulations could impact your future energy management strategy.