A Joe Biden administration is bound to usher in a 180-degree pivot on climate change from the outgoing presidency. But with control of the Senate hanging in the balance with the battle set to go down to the wire in Georgia, Biden’s plan to squeeze $2 trillion from the federal purse to pursue his ambitious Climate Plan could end up severely hamstrung. But with the global shift to renewable energy in full swing, the American political landscape might not matter that much in the long run. Indeed, Goldman Sachs has predicted that global capital spending on renewable energy will surpass fossil fuel Capex for the first time ever in 2021. According to the investment banker, renewable power will reach 25% of the total energy supply capex in 2021, beating out hydrocarbons for the first time ever. According to Goldman’s Carbonomics Report, renewables will reach 25% of the total energy […]