3 Ways The Biden Administration Can Influence Sustainable Investing And Increase Investing Transparency



President Joe Biden recently gave the United States public its first glimpse into his intent to increase sustainable investments in areas such as the energy sector, when he pledged to rejoin the Paris accord on Jan. 20, 2021, his first day in the Oval Office. 

The 46th U.S. president’s decision doesn’t come as much of a surprise as investors have predicted that Biden would commit to renewing private-sector energy investment efforts by more heavily funding Department of Energy projects. The president’s decision to rejoin the 2015 global pact to mitigate climate change is in stark contrast to former President Trump’s support for the U.S. energy sector.

Although it seems inevitable that President Biden is eager to accelerate investor interest in the energy sector, among others, roadblocks that prevent access to attractive investment options must also be overcome. Major issues still surround sustainable investment opportunities, such as increased regulations against trusts in industries like “big tech” and increases in taxes on capital gains that have the potential to depress the overall number of investment options. 

Let’s take a look at the three ways the new Biden administration can positively influence sustainable investment and increase investment transparency.

 

Empower state and local governments’ climate leadership

States and local governments have long made significant contributions to the deployment of renewable energy and can be poised to also contribute to lasting, sustainable investment. State governments, in particular, have valuable experience in implementing energy-related policies with energy advocacy coalitions. 

This breadth of energy investment experience (Read more...)