October 20, 2021 | MarketWatch | 1 minute read

Bracewell Policy Resolution Group Senior Principal Frank Maisano discussed with MarketWatch how the odds have increased that a key piece of President Joe Biden’s climate agenda will not make the final cut in the sweeping budget bill pending in Congress.

“With only two weeks to the COP26 (United Nations Convention on Climate Change) meeting in Scotland, this is a tough blow. Already, it was going to be a difficult slog to meet the arbitrary [emissions] target that President Biden announced earlier this year; this only steepens the climb,” said Maisano.

The Clean Electricity Performance Program (CEPP) has been a focal point of Biden’s proposed climate-change legislation and a vital part of his whole-of-government approach to catching the US up to other world powers in slowing global warming. CEPP would reward electric utility companies that switch from fossil fuels to renewable or cleaner energy sources and fine those that don’t.

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