With two trillion dollars in green energy spending set aside for his first term, Biden is clearly looking at jumpstarting an economy suffering the considerable impact of COVID-19, if elected. With a climate policy geared towards a Green New Deal, where would this leave the fossil fuel industry?

Some US politicians are advocating Modern Monetary Theory as a way to drive funding for public services. However, economists are more sceptical and suggest that this radical approach could pose various inflationary risks