While he hasn’t released an official plan, Trump’s playbook the last time he was in office and his frequent complaints about clean energy offer clues to what’s ahead.
As the U.S. prepares for another Trump administration, one area unambiguously in the incoming president’s crosshairs is climate policy .
The reverberation of such a step would be felt around the world. While the Paris Agreement is not legally binding and is based on trust and leadership, the stance taken by the world’s largest economy affects what other countries are willing to do.U.S. funding to help other countries scale up clean energy and adapt to climate change rose significantly during the Biden administration. The first U.S.
Trump may also slow the work of the Department of Energy’s Loan Program Office, which has helped boost several clean energy industries. Again, this is not a surprise – he did it in the first term – except that the impact would be greater given that the office’s lending capacity has since skyrocketed to over $200 billion, thanks to the Inflation Reduction Act.
The futures curve indicates lower oil prices ahead, which could be further weighed down by slowing demand from any resulting economic weakness if Trump follows through on his threat to impose tariffs on all imports, leading to the risk of lower profitability. Trump has also promised to support approvals of new liquefied natural gas, or LNG, export terminals, which the Biden administration tried to pause and is still working to slow down.
Climate Change Climate Policy Donald Trump Electric Vehicles (Evs) LNG Gas Oil And Gas Paris Agreement Solar Power UNFCCC US 2024 Election US Climate Policy US Oil Industry Wind Energy
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