President Joe Biden is targeting net-zero carbon emissions in the United States by 2050, but the target date for electricity generation would come 15 years sooner. Is the U.S. utilities sector prepared for net-zero emissions by 2035? What are the investment implications?
Our analysis shows that current planned investments fall far short of what would be needed to meet the new administration’s climate goals. The lack of clear government policy likely has been a contributor to this shortfall. The incoming Biden administration’s climate policy proposals may lead utilities to take the long view with their capital allocations or risk being left with stranded assets or lost opportunities.
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