The world held its breath as the United States painstakingly counted every vote in the 2020 Election. After four years of unpredictable leadership (if that’s what you’d call it), the nation has damaged its reputation and relationship with the rest of the world.
But luckily, the American people voted for a better, greener future on November 3rd. Citizens danced in the streets and celebrated the end of a turbulent period in their history. But the work has only begun.
Joe Biden, the Democrat president-elect, revealed a $2 trillion economic stimulus plan earlier this year, and has promised to re-join the Paris Climate Agreement when elected. His plan includes clean energy solutions for infrastructural changes, sustainable housing, and agricultural practices.
Biden intends to boost renewable energy and power the nation entirely with clean energy by 2035 and reaching net zero emissions by 2050. He wants to invest $1.7 trillion over the course of 10 years, with the expectation of private investment contributing enough to raise the total to $5 trillion.
And his plan is comprehensive, from decarbonizing agriculture to increasing battery storage across the country. Plus, he estimates that, if implemented successfully, his plan can create over 10 million jobs in multiple sectors that can contribute to the green energy transition.
The CEOS of multiple green energy companies and organizations such as Solar Energy Industries Association (SEIA) and the American Council on Renewable Energy (Acore) have publicly celebrated Biden’s election as a turning point for the industry. The SEIA has proposed an outline for green energy policies starting in 2021.
But Biden may still struggle to get his green stimulus plan enacted. As of early November 2020, the Senate race is still neck-and-neck, and it likely will not be finalized until early January 2021. If the Senate holds its Republican majority, the White House may have to make significant compromises on Biden’s proposed plan.
Meanwhile, as politics continue to sow chaos in the US, green energy in the private sector continues to attract investment. Even leading up to the election, stocks in renewable energy continued to rise.
The private sector will continue to innovate, but with the support of the White House, clean energy in the US can thrive. Hopefully the US will not only lead the world towards a cleaner future, but will inspire and help other nations to enter the green new era, too.