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If Democrats win the Senate and White House, ending the filibuster would lower the huge hurdles before climate legislation. But there could be other knock-on effects.

The intrigue: Big climate legislation would hardly be a guarantee, given resistance among Democrats from fossil fuel-producing states, according to a wide-ranging election look-ahead note from ClearView Energy Partners.

  • And an outside-the-box analysis: "[T]he volatility of a filibuster-free Senate could encourage lawmakers to pass laws that spend money quickly lest a future Congress reverse them."

Why it matters: "[P]ost-filibuster policy volatility could encourage lawmakers to pursue potentially market distorting, up-front spending on energy programs."

  • This "race to deploy" could increase renewable project costs.
  • "Meanwhile, deadline-driven (rather than market-driven) capacity deployments amid stagnant demand could depress prices for all fuels and technologies."

The big picture: The analysis comes as Joe Biden is calling for a $2 trillion investment in clean energy and climate-friendly infrastructure during his first term.

Go deeper

Amy Harder, author of Generate
Dec 18, 2020 - Energy & Environment

How to judge America’s climate-change responsibility

Illustration: Aïda Amer/Axios

Historically, America has emitted the most greenhouse gases of any country in the world. But over the next 80 years, the U.S. may account for as little as 5% of such emissions.

Why it matters: Installing technologies to address climate change will, therefore, be most critical in places other than America where emissions’ growth is expected to be higher, according to physicist Varun Sivaram.

Updated Dec 19, 2020 - Politics & Policy

Trump signs two-day funding bill to avoid government shutdown

Photo: Andrew Caballero-Reynolds/AFP via Getty Images

President Trump late Friday night signed the continuing resolution that will fund the federal government through Dec. 21 and temporarily avert a partial shutdown.

Why it matters: The 48-hour stopgap will also give lawmakers the weekend to resolve outstanding issues with a $900 billion coronavirus relief package and $1.4 trillion long-term spending deal.

2 hours ago - Technology

TikTok drives new nostalgia economy

Illustration: Shoshana Gordon/Axios

Older brands, trends and technologies are making a comeback as younger consumers desperately chase slower, less chaotic times.

The big picture: TikTok's algorithm makes it easy for flashback items to resurface and quickly go viral both on its platform and eventually on other social networks.