Brian Deese, former advisor for the Obama administration, was chosen late this past week by President Biden to lead the National Economic Council. Deese has a background in climate change and environmental policy. He was appointed by President Obama in 2015 as the Senior Advisor on Climate Change and Energy. He has also spent his time since then as the "sustainability director of asset management" at BlackRock, a leading investment management firm.
This nomination signals a focus towards climate change amid a pandemic and recovering economy. While environmental policy certainly needs to be a focus for the Biden administration, does this nomination surprise you at all given the current uncertainty of the market? With Trump repealing so many environmental policies that Obama (and Reese) had helped pass, do you think Reese will prioritize environmental policy over other things? How do you think this will impact his opinion on major corporations and environmentally related economic policies like cap-and-trade?
https://www.nytimes.com/2020/12/03/business/brian-deese-national-economic-council.html
Other major countries are beginning to include climate change specialists and environmental scientists in their policy making because of the push to make a more environmentally sustainable economy. I believe this is a step in the right direction to do so. I wouldn't be surprised to see new limitations on cap-and-trade and more restrictions on corporations with high CO2 emissions and other pollutants.
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DeleteAgreed, it seems the US is following suit to many other large countries. This is likely needed, atleast in the view of administration, for the setbacks the Trump administration put on climate policies. It will be interesting to see how much the administration will be able to get done with everything going on.
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