(Bloomberg) Energy executives, government officials and financiers are converging in New York on Tuesday and Wednesday for the BNEF Summit, one of the premier conferences focused on the energy transition.
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KERRY ON CARBON PRICING: President Joe Biden has chosen to lead with a clean electricity standard mandating carbon-free power by 2035 as one of his main climate change initiatives, and he hopes to pass it into law as part of his $2.3 trillion infrastructure bill.
But climate envoy
John Kerry suggested yesterday that carbon pricing will stay on Biden s agenda, even if it’s not the immediate path pursued.
President Biden s aggressive goal to completely decarbonize the power sector in the next 15 years brings him directly in conflict with natural gas, the resource that has largely driven U.S. emissions reductions to date.