Description
President Barack Obama’s Clean Power Plan (CPP) has not only shaken up the US energy market, but also E&Y's index. This issue sees the US return to the top spot ahead of China as it rolls out what is arguably its most comprehensive and far-reaching national energy legislation to date. 3 While E&Y's article on page 24 highlights that it’s unlikely to be plain sailing for the CPP, the plan’s unambiguous state-level emission reduction targets create a strong remit, and opportunity, to significantly increase the deployment of renewable energy capacity across the country over the next 15 years.
While China continues to dwarf the US in terms of new renewables investment and deployment, the current economic slowdown, limited evidence of foreign participation in the market despite government efforts to open it up and grid constraints contribute to its slip to second place.
