, Columnist
Biden’s Green Power Plan Is Good for Solar and Also … Bankers?
Ambitious clean-energy targets seem mainly aimed at keeping momentum and investment flowing.
It’s all about the journey, not the destination.
Photographer: NICHOLAS KAMM/AFP/Getty Images
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Democrats on Thursday night unveiled a key part of the climate agenda embedded in President Joe Biden’s proposed $3.5 trillion Build Back Better package. Here are some initial observations on the Clean Electricity Performance Program.
It’s complicated: The CEPP is sort of like a federal clean energy standard, forcing suppliers to raise the proportion of low-carbon power in the mix over time. Because it’s being pushed through budget reconciliation, though, the process is rather involved.