Senior advisor Ali A. Zaidi explains in TheStreet article “EPA’s Axing of Obama-Era Clean Power Plan Has Limited Near-Term Market Effect” that Scott Pruitt’s proposal to roll back the Clean Power Plan will add more regulatory confusion than impact.
“The reality is, from a market perspective, what Administrator Pruitt put forth at this point just adds additional regulatory uncertainty to where this project will go,” he said.
Conversely, Mr. Zaidi counsels that the Energy Department’s proposal to change electricity pricing in order to boost coal and nuclear plans is the move that could affect the market.
“[Those measures] are far more significant for clean energy investors than the Clean Power Plan’s latest announcement is,” he said. “The next and intermediate steps on the Clean Power Plan, while probably significant in the long arc of what is available to address climate change in a serious way, probably don’t have immediate market implications because of how ambiguous the approach is at this point.”
Read the full article.