Liam Denning, Columnist

Biden’s Climate Policy: Move Fast and Fix Things

States, capital markets, large companies and public opinion are all headed in the same direction. He needs to take advantage of that.

February 9, 2021 at 1:30 PM UTC

By Liam Denning

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

President Biden has less than two years to avert a century of climate change.
Photographer: Anna Moneymaker/The New York Times

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On Monday, I wrote about how the damage done to energy demand by Covid-19 provides one rationale for President Joe Biden to press ahead with his green agenda. But there are two others that might loosely be characterized as a green explosion and a Republican implosion.

Energy has moved on in important ways since the failed attempt at sweeping climate legislation during President Barack Obama’s first term. Chief among these is the stunning drop in the price of clean-energy technologies. Moreover, unlike his old boss, Biden is settling into the presidency in the midst of a green investment bubble.