By Scott Tong,
The President rolled out Monday the much-anticipated centerpiece to his climate change plan. It envisions an overhaul in power plants, what they burn, and the broader electricity system. It’s ambitious. But to people in and around the power sector, this revolution is already well underway. Not because of the Environmental Protection Agency, but the market.
As recently as 2012, Michael Liebreich, chairman and founder of Bloomberg New Energy Finance, had a blurry vision of a clean energy future. Today, it’s in auto-focus.
“A few years ago you could theorize about it,” Liebreich says. “But as of the last, probably three years, it’s really becoming much clearer what the transition looks like.”
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