All things green tech are seeing the light of day as the global economy digs its way out of the pandemic slump. Valuations have been skyrocketing, with makers of electric cars and solar glass panels the stocks du jour. But there’s room for skepticism.

Dubbed the Green-Shaped Recovery, the trend is projected to draw trillions of dollars of funding for more environmentally friendly projects and industry as well as climate mitigation jobs over coming decades. A lot rides on Joe Biden’s climate change plan. Victory for the Democratic candidate could take the global tally as high as $7 trillion. Regulatory guidelines on emissions that U.S. President Donald Trump rolled back would return in more stringent form. One outcome would be to incentivize the car market toward electric vehicles, away from internal combustion engine pickups and sport-utility vehicles.

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