Will a Biden win put pressure on our power prices – and more – with climate demands?

Australia will face much-increased pressure to increase its greenhouse gas emissions abatement if Joe Biden is inaugurated as president on 20 January next year; pressures that may even encourage us to redefine our economic and political relationships.   

Biden’s “Climate 21 policies” is his blueprint to reorientate the economy towards the climate-change programs that are central to his political manifesto.  Climate 21 would establish a National Climate Council to move the U.S. and global economy to a low-carbon trajectory. A Biden Administration will rejoin and revitalise the Paris Agreement and will publish a four-year Climate Ambition Agenda containing action plans for “greenhouse gas…