Climate change is ‘area for investors to watch’ – CNBC Touts ‘investment opportunities to consider after Biden’s election win’
By Vicky McKeever
Excerpt: Even with the constraints of a likely split Congress, [Louise Dudley, global equities portfolio manager at investment manager Federated Hermes] highlighted Biden’s plans to tackle climate change as another area for investors to watch.
Biden has pledged to rejoin the Paris Agreement, the international plan for tackling climate change, which Trump announced the U.S.’s withdrawal from in 2017. Biden also has plans for the U.S. to reach net-zero carbon emissions by 2050.
Dudley said this could again be seen as a “collaborative move,” as the likes of China and Europe have also implemented similar climate goals.
In the U.S., she suggested possible increased infrastructure spending around this environmental refocus would benefit industries such as electric vehicles, batteries, wind and solar.