Decarbonization policy implementation in the US is currently driven by climate change concerns at the state and local level, with market and technology developments supporting more recent ambitious efforts. Several states and cities have announced carbon-free electricity goals to be achieved over the next few decades, while other localities are exploring bans or restrictions on natural gas use.
Such initiatives will impact electric and gas utilities, and many of the utility holding companies that we work with are trying to better understand the implications of current and potential future decarbonization policies to stay front-footed. In this paper, we present a novel analytical framework that utility holding companies can use to forecast how decarbonization and other scenarios will impact their utilities’ performance across several metrics critical to developing strategy.
Examining post-election climate policy scenarios in the US
The start of the Biden administration, along with a Democrat majority in the Senate and House, marks a significant shift in the approach to addressing climate...