RJ: Europe's carbon-neutral new law - Dec 14

[dan_s]

Raymond James note 12-14-2020

Is it possible for a major industrialized economy to be carbon-neutral? Because of what happened last week, we will find out.
Leaders of the European Union - the world's third-largest economy and CO2 emitter - approved the European Climate Law, a legally binding commitment of net zero emissions by 2050. Amid a messy hodge-podge of climate policies around the world, as discussed in our Clean Tech Primer, the EU mandate truly stands out among the major emitters. Lest anyone brush this off as an ultra-long-term "pie in the sky" target, let's underscore that the EU is also committing to cut emissions at least 55% by 2030. This is a very big deal: the world's most important environmental/climate policy decision of 2020, and arguably ever.

Well, now comes the hard part: implementation.
Do not hold your breath for the EU to spell out all the facets of the roadmap to net zero - that will take at least until June 2021. But, having previously written about EU climate policy in March, August, and October, we can try to frame the conversation by setting out some expectations for the epic task of transforming the energy sector and the economy more broadly. This report, jointly written with RJ Ltd. analysts in Canada, highlights how renewable and other low-carbon technologies stand to benefit from the EU's game-changing decision, and we provide specific ideas for how investors can play this theme.
See: https://raymondjames.bluematrix.com/sel ... ource=mail