NEC Chief Deese Outlines Policy Case For Not Relying On Carbon Price

A top White House economic official is outlining the Biden administration’s policy rationale for not emphasizing policies that would impose a price on carbon emissions, arguing a mix of investment and other steps are first required to remove non-financial barriers for low-carbon transport, efficiency and power transmission. “The other thing that we’re trying to do is to look across and say, ‘What are the practical barriers where, strategically, public investment or the public sector can play a catalytic role [for...