Former Vice President Joe Biden has prioritized climate policy in his platform for the upcoming US Presidential Election, but the future composition of the Senate would have a big influence on how a potential Biden administration pursues energy and emissions goals.
As discussed in the recent S&P Global Platts Analytics US CO2 Pricing Monitor, Biden is now targeting a carbon-free US power sector by 2035, as well as net-zero greenhouse gas (GHG) emissions by 2050.
In the event that Biden wins the election in November, his future administration can be expected to make considerable use of its executive and regulatory authority for energy and climate policymaking.
The Trump and Obama Administrations have previously done the same, and there are a number of key issues where Biden would be likely to act, including vehicle efficiency standards and methane limits for the oil and gas sector.
However, this would limit future policy efforts to the application of existing law, while more substantive policymaking would inevitably need to occur through legislation passed by Congress.
While the Democrats recaptured the US House of Representatives in 2018 and are expected to maintain control
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