Trump could stop in its tracks US’s emergence as clean energy superpower and forfeit billions in investment

Summary

A new report warns that Trump’s plan to dismantle Biden-era climate policies could hinder the U.S.’s potential as a clean energy superpower.

It could result in significant economic losses, including up to $80 billion in investments and billions more in forfeited exports. Trump’s plan would also cede leadership in the clean energy sector to China and other nations.

In contrast, policies like the Inflation Reduction Act have driven $150 billion in new U.S. manufacturing, particularly in Republican-dominated regions. These policies have also created about 300,000 jobs.

Trump’s proposed rollback threatens the U.S.’s competitiveness in the solar, wind, and electric vehicle industries, further reinforcing China’s dominance in the clean energy markets.

  • ChicoSuave@lemmy.world
    10·
    7 days ago

    No one who can do anything cares and anyone who cares can do nothing. Trump will ruin all the progress no matter the cost. He and his tools are out to fuck up all the nice things that other people got because they want to. The cost doesn’t matter since the people who worry about that sort of thing hired Trump in the first place. Trump has exclusive control of the entire government so there will be horrendous problems for the first 2 years. We will see if people turn out to slow the inhumanity machine or like what it is doing.