When renewables-novice and coal champion Donald Trump won the US presidential election yesterday, the global energy industry gawked in horror. Initial review of the Republican billionaire’s energy plans might leave the impression that the progress clean energy sources have achieved so far will be undone. A deeper look into Trump’s energy policy under adviser Kevin Cramer reveals a siege on existing regulation and a roll-back on spending.
The Clean Power Plan has been killed by Republicans and is now pronounced dead, a group of finance experts have said, who also agree the ITC extension could be next.
As the news sinks in about the newly-elected US president Donald Trump, who shocked the world by narrowly beating Democratic challenger Hillary Clinton, industry stakeholders are taking stock.
In a shock victory that took the world by surprise, Donald Trump was elected 45th president of the United States, leaving uncertainty to loom large over the US energy industry.
Whilst the US is destined for a tectonic shift in its energy landscape under either prospective president, new analysis from Lux Research suggests that Trump’s policies would leave emissions 16% higher after two terms than Clinton’s.
Donald Trump once again shunned solar and other renewables in favour for coal in his characteristic “America first” energy policy, while Hillary Clinton did not fare much better, but did at least reaffirm her commitment to fight climate change, albeit as an afterthought.
In the first Presidential debate last night, candidates Donald Trump and Hillary Clinton could not have made their differing opinions on solar and climate change clearer.
