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What does Biden’s win mean for green investing?
Joe Biden has made clear his green agenda when he assumes office on 20th January 2021, which could encourage more asset managers, governments, and banks globally to offer more environmentally conscious financial services products to investors.
Declan McAndrew, head of investment research at Foster Denovo says: “Sustainable infrastructure renewal and clean energy policies were key tenets of the Biden presidential campaign. Pledges to re-join the Paris Agreement on his first day in office and a commitment to a longer term net zero emission target are clear signals that the US government will once more be at the forefront of climate change solutions, rather than an outlier dismissive of the scientific evidence.”
