What Will It Take To Make Biden’s Climate Plan Work?

The climate targets that were recently set by the Biden administration in the US represent a challenging task and require major changes in the country’s energy system that would shake the current fuel mix status quo. Rystad Energy has modelled what it considers the most achievable recipe to meet the tough targets set, a formula that includes generous reductions in fossil fuel use and spending $2.5 trillion in renewable energy projects this decade, a transition that will be facilitated by a coming reduction in battery costs. Although there…