More than 360 businesses and investors across more than 35 US states have called on President-elect Donald Trump to maintain the US’ commitment to carbon reduction and support investment in a low-carbon infrastructure.
New analysis from Deutsche Bank reveals that even if President-elect Trump follows through with all his anti-clean energy promises surrounding the Clean Power Plan, the Paris Agreement and the ITC, all is not lost for the US clean energy industry.
The outgoing Obama administration made a push for renewables by passing a regulation by the Interior Department that could boost wind and solar projects built on public lands in California, Arizona, Colorado, Nevada, New Mexico and Utah.
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.
