Happy Super Tuesday. 14 States are voting today and almost 1,400 delegates are up for grabs. Tomorrow we will have a better view on what the rest of the year looks like. That being said, without doing a play by play on what’s happening with coronavirus, we are bound to get a lot of unknown unknowns coming at us as well.
A Climate Policy Point. Axios is making the point that no matter what happens in November, climate policy is going to be difficult to get through Congress and don’t expect much to happen. Whether something passes, something progressive has legs or if DC will just shut down is a scenario that will play itself out. Also, expect that much of anything that gets passed to get the judicial examination we’ve come to get used to.
The Counterpoint. On the other hand if the White House were to switch sides, would mean a significant boost to markets like solar. For one, the ITC wouldn’t have been removed from the extenders package like it did last year. If Trump has taught us anything, it is the power of the presidential pen especially for items labeled as a national emergency. Under a national emergency, the President would have the ability to shuffle dollars in a way to achieve the goals of the White House. My point is that a democrat in the White House could prove to be a climate policy by itself, without thinking about the broader, but much needed, congressional legislation.
But Wait. As we’re arguing about what happens post-November, there is a climate bill going through the Senate. Nothing entirely aspirational about the bill but it is a climate bill in name. Let’s see if anything more tangible gets attached to the legislation if it sees a floor vote and time in the House.
Impact Of The Day. Sir Christopher Hohn made headlines a few months ago when his hedge fund argued that they would target directors of companies that are not doing right by climate policies. Taking this one step further, Sir Christopher wrote a letter to major banks about their coal financing activities. The letter outlines the poor fiduciary responsibility that the banks are showing but in an interview revealed plans to mount legal challenges against the boards of the banks. These legal challenges could prove to have the type of impact directors view as existential to their decision making and oversight activities.
- Axios: Big climate change policy unlikely no matter who wins the White House
- Bloomberg: A Democrat in the White House Could Do Plenty to Fight Climate Change
- Greentech Media: Sweeping Senate Energy Bill Could Come to a Vote This Week
- Financial Times: Billionaire Chris Hohn threatens to sue coal-financing banks
- Utility Dive: NYC storage ‘most adversely impacted’ by FERC orders – NYISO CEO
- E&E News: Wave of oil money hits local Calif. climate candidates
- PV-Tech: ABB completes PV inverter exit as buyer FIMER eyes 7GW+ shipments
- PV-Magazine: Freedom Solar – record profits and growth in Texas residential and commercial PV
Opinion
Best, Yann
The post This is your SolarWakeup for March 3rd, 2020 appeared first on SolarWakeup.com.
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