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.
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.
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.
The tenet of president Obama’s climate change initiative, the UN-backed Clean Power Plan, was under fire in the US Court of Appeals yesterday, where a panel of 10 judges deliberated over whether the Environmental Protection Agency (EPA) has overstepped the mark.
The US Supreme Court has granted a stay that pauses the implementation of the Environmental Protection Agency’s (EPA) Clean Power Plan, which aims to spur investment in renewable energy.
