Daily on Energy: Trump threatens $1T in clean energy funding, 5M solar installations, and more solar tariffs

Daily on Energy: Trump threatens $1T in clean energy funding, 5M solar installations, and more solar tariffs


WHAT IS AT STAKE FOR CLEAN ENERGY, PER WOOD MACKENZIE: Another Trump administration would put $1 trillion in clean energy funding at risk, according to a new report from data analytics firm Wood Mackenzie.

The report outlines how a Trump presidency could mean an immediate halt to the decarbonization efforts launched by President Joe Biden, with possible cuts to incentives for electric vehicles, green hydrogen, and carbon capture and storage technologies. However, unabated fossil generation is likely to grow, pushing net-zero goals out of reach. 

What stuck out to us: The report outlines that a full repeal of the Inflation Reduction Act is unlikely, despite Donald Trump’s promises to repeal the law’s energy tax credits. Nor are changes to the production and investment tax credits

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