Opinion: As Congress tackles climate, markets are the engine but policies set the direction

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new jersey solar power, wind energy

BRIAN MURRAY / FORBES – As the 116th Congress nears its debut, efforts by both parties to pursue new climate and energy policies are afoot. Representative-elect Alexandria Ocasio-Cortez (D-NY) has announced plans to develop a “Green New Deal,” Meanwhile, three Democrats and three Republicans have introduced a bipartisan Energy Innovation and Carbon Dividend Act to enact a federal carbon tax.

Considering the Republican-controlled Senate and the Trump Administration’s opposition to aggressive climate policy to date, the chances that either measure will produce signed legislation and a seismic shift in the US energy system are remote …

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