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Latest US legislative initiative supports environmental solutions equities – BNP Paribas Asset Management

A surprise proposed deal in the US Senate on billions of dollars of climate-related spending looks set to change the perception of the US’ role in the fight against climate change and could provide a significant boost to environmental solutions equities, write Edward Lees and Ulrik Fugmann of BNP Paribas Asset Management's Environmental Strategies Group.

Posted on Aug 09, 2022

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... Markets had not expected the news of a USD 369 billion climate and tax package. BNP Paribas Asset Management had been hoping for one between USD 200-300 billion. The climate and energy proposals were seen as the ‘most ambitious climate action ever taken by the US’ (New York Times) and includes tax incentives to ramp up wind, solar, geothermal, battery and other clean energy industries over the next decade.

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