Biden Administration Climate Change Policies Likely To Boost Sustainable Investing

Washington, D.C. (January 19, 2021) - President-Elect Biden is expected to shift executive branch climate policy dramatically, assigning priorities to incentives for renewable energy, support for carbon pricing, and other aggressive measures aimed at reducing greenhouse gas emissions. The new Administration's goals include increased attention to sustainable investing, standardization of corporate disclosures, and environmental, social and governance (ESG) criteria. These changes create opportunities, but also challenges, for businesses open to the potential for competitive advantage.

Some organizations have already begun to revise their positions to align with these anticipated policy changes. The U.S. Chamber of Commerce recently solicited opinions from some members about carbon pricing. General Motors Co. withdrew its support of the Trump Administration's rollback on clean car standards in favor of President-Elect Biden's emphasis on electric vehicles.