With Joe Biden in the White House, green stocks could see a good deal of upside. For one, he’s already said he would rejoin The Paris Agreement.
In fact, as noted by CBS News, “The 2015 Paris climate accord is a global pact forged to avert the threat of catastrophic climate change. Some 189 countries remain committed to the agreement, which aims to keep the increase in average temperatures worldwide “well below” 2 degrees Celsius (3.6 degrees Fahrenheit).”
In addition, as noted on his site, “Biden believes the Green New Deal is a crucial framework for meeting the climate challenges we face. It powerfully captures two basic truths, which are at the core of his plan: (1) the United States urgently needs to embrace greater ambition on an epic scale to meet the scope of this challenge, and (2) our environment and our economy are completely and totally connected.”
If that happens, green stocks could push higher from here.