4 Climate Technology Investors Unhappy With Environmental Supreme Court Decision

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Supreme this week Court solution the limitation on the EPA’s ability to regulate greenhouse gas emissions may not have been a surprise, but it was still a bombshell. This not only killed the prospect of swift executive action on the issue, but also potentially cut off a number of regulatory decisions.

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The EPA has sought to rein in carbon emissions, first with the Obama-era Clean Energy Plan, which was shelved after litigation, and then with the Biden administration’s rulings. The two Democratic administrations relied on part of the Clean Air Act which authorized the EPA administrator to use its judgment to compile a list of stationary sources of pollution “that could reasonably be expected to endanger the health or welfare of the public”.

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Carbon emissions certainly deserve to be on the list as climate change is expected to cause nearly 5 million excess deaths annually by 2100


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Now, if anything needs to be done on this issue, the court has said that Congress should expressly authorize it. Given the current state of Congress, climate legislation is not impossible, but unlikely.

Until that happens, the US will increasingly rely on the private sector to provide climate-smart solutions that not only limit carbon pollution, but give the country chance to stay competitive in a world that is rapidly moving away from fossil fuels.

“It’s a race we can’t afford to lose, but the Supreme Court just tied kettlebells to our feet.” Peter Davidson, CEO of Aligned Climate Capital

The good news is that over the past few years, the climate technology sector has become a hotbed of activity, attracting tens of billions of investments. Despite the lack of government action in the United States, investors remain optimistic, partly because of the huge potential of the sector. By 2025, climate technology could attract up to $2 trillion in investment annually, according to McKinsey.

The Supreme Court’s decision, of course, threatens to cool that down. While this may have dampened some enthusiasm in the short term, the three climate technology investors remain optimistic that opportunities still exist and that the private sector can make a difference.


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