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News in English (USA) / 26.12.2024 / 13:00

Uncertainty Looms Over U.S. Energy Sector as Trump Plans Potential Rollback of Climate Policies

As the U.S. energy sector braces for the possibility of a second Trump term, concerns mount regarding the future of green investments and clean energy initiatives established under Biden. Trump’s intentions to repeal Biden’s climate regulations and shift energy policy towards traditional fuels have left green energy investors feeling unsettled. Critics warn that such actions could significantly hinder efforts to combat climate change. Meanwhile, discussions continue about whether Biden’s green legacy can withstand possible policy reversals. Analysts suggest that a resurgence of fossil fuel reliance under Trump could lead to a substantial $80 billion loss for U.S. trade partners and competitors in the clean energy space. The overarching question remains: Can America decarbonize effectively without regulatory support?
The New York Times, Bloomberg, Fox News, Forbes, The Energy Mix, The Hill, Deccan Herald, ETF Trends, myheraldreview.com, WBUR News