Market Insights

The ex-Vice President under Barack Obama and 2020 presidential candidate has wide-sweeping policies regarding the power sector and economy-wide carbon emissions. In effect, Biden has taken the Green New Deal a step forward by assigning key deliverables, a timeline, and a price tag to complete this vision. Investment and mobilization of labour into non-emitting energy supply will completely eclipse that of the 1960s Moon Shot program and transform the economy in ways that are difficult to imagine. We explore the implications of Biden's climate agenda and clean energy plan for the utility-scale power sector.

For more information on Scotiabank’s Commodities Equity Research, please contact:

Michael Loewen
Director, Commodity Strategist – Energy, Global Equity Research

Phone: 416-863-7985