Nikko AM's Steve Williams: What implications the US election could have for sustainable assets and investments

Momentum of US ESG investment will continue

In the end, the 'Super Tuesday' of US election primaries held in early March proved conclusive. Further decisive victories in Alabama, Texas and California took Donald Trump past 1,000 Republican Party convention delegates and forced his only serious rival, Nikki Haley, to drop out of the presidential race

The stage is now set for a Biden versus Trump rematch in November. So, what does this mean for sustainable assets and investments? One of the key pieces of legislation during President Joe Biden's first term was the passing of the Inflation Reduction Act (IRA). How big an impact could global elections have on portfolio allocation in 2024? This landmark bill aimed to dampen the US inflation problem by directing almost $390bn in tax credits and incentives towards a sweeping range of clean energy initiatives, including funding decarbonisation and the clean energy transition and encour...