Editor's Edition: Biden is surrounded by 'climate hawks'

Joe Biden has not wasted any time in advancing his clean energy agenda. The 46th American president nixed the Keystone XL pipeline and rejoined the Paris Climate Accord on his first day in office. He also appointed a number climate hawks to key positions in his administration, signalling that green thinking will guide key departments such as treasury and transportation for the next four years.

Tom Rand, managing partner at ArcTern Ventures, tells Yahoo Finance Canada that's it's hard to overstate how bullish a Biden White House is for clean tech investment. That sentiment has fuelled a stock market rally for companies in the electric vehicle and renewable energy sectors since the election, as well as warnings about a second clean technology bubble.

In Canada, Rand expects lawmakers to be more willing to embrace climate-focused policies and support the clean tech sector with financial incentives as their counterparts south of the border increasingly link climate and the economy. He said investors would be wise to follow developments at the U.S. Federal Energy Regulatory Commission for hints about how America plans to modernize its electricity grid, and which companies stand to benefit. Those developments, he said, often carry over to Canada.