Regulations would affect the energy sector and automotive industry.
Democratic presidential candidate Joe Biden has an ambitious climate agenda, headlined by pledges to eliminate carbon dioxide emissions from the US electric power industry by 2035 and position the country to achieve carbon neutrality by 2050.
With $2trn in federal investment, Biden aims to achieve three goals: create jobs, modernize critical infrastructure, and support the growth of green technologies—with an eye toward putting the US on the cutting edge of the energy transition.
Given the difficulty of passing sweeping legislation even with a congressional majority, Biden's ideals-driven platform likely would get streamlined into an easy-to-pass bill. But we should expect the two themes anchoring Biden's climate proposals to serve as the foundation for his presidential agenda: tighter regulation of the fossil fuels industry and stronger incentives to catalyze domestic development of fuel-efficient and green technologies.
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