If Donald Trump wins the next presidential election, the U.S. could decelerate its clean energy rollout and put $1 trillion of low-carbon investments at risk.
The United States could see a deceleration in clean energy rollout and risks losing $1 trillion in low-carbon energy investments if Donald Trump wins the presidential election in November, Wood Mackenzie said in a new report this week. A Republican victory in the presidential vote could slow the energy transition momentum of Joe Biden’s presidency and reduce investment in the clean energy sector, as Trump is expected to roll back some of the key green energy policies of the Biden Administration.
“This election cycle will really influence the pace of energy investment, both in the next five years and through 2050,” said David Brown, director of Wood Mackenzie’s Energy Transition Research. “Investments in low carbon supply need to be made in the near term to realize longer-dated decarbonization targets. US carbon emissions could grow, putting net zero out of reach in our delayed transition scenario.
Investment United States Politics Trump Energy Energy Transition Carbon Climate
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