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BMI View: President Obama's strong rhetoric regarding cuts to carbon emissions appears to be the culmination of a policy shift towards a greener energy policy. We have questioned the government's conviction towards renewable energy and reducing the country's reliance on coal in our previous analysis of the US power and renewables market. However, we are starting to believe momentum is building behind the agenda. That said, the legacy of this initiative may not last after Obama's term has been completed, since he used his executive powers to get measures through, while congress remains divided on the issue, making long-term policy uncertain. The sheer size of the US' renewables industry is undeniable, both in terms of installed capacity and generation. A high level of investment, encouraged b ...
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