Rystad Energy analysis reveals the US cleantech industry's resilience and growth prospects, driven by economic factors and bipartisan support, regardless of the 2024 presidential election outcome.
The outcome of the US presidential election could have significant implications for global energy dynamics. However, Rystad Energy ’s analysis suggests that the domestic renewable energy and cleantech sectors will continue to thrive, even in the event of a Republican victory. This trend is expected to be particularly pronounced in Republican states like Oklahoma, Iowa, Florida and Texas, where substantial investments in manufacturing and other infrastructure are driving a surge in job creation.
Notably, more onshore wind capacity was added during Trump’s term than under Biden so far, suggesting that the wind industry may be more affected by economic factors, such as interest rates, than by the political climate in the Oval Office. If the Republican party wins the 2024 presidential election, the incoming administration will inherit the IRA and numerous pre-approved clean energy projects, making it unlikely that these initiatives would be abandoned.
US Election Renewable Energy Bipartisan Support Rystad Energy Inflation Reduction Act Republican States Clean Energy Jobs Economic Growth Energy Policy
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bipartisan effort paves way for reviving shuttered hospitals in GeorgiaAt the shuttered Atlanta Medical Center, a 'Stronger Together' mural sends a hopeful message near a summer spray of hydrangeas.
Read more »
Should I get a prenup?Claer investigates the boom in premarital financial agreements
Read more »
Taskforce set up to spark green heat boom in Scotland 'fails to grasp nettle'EXCLUSIVE: The Existing Homes Alliance criticised a Green Heat Finance Taskforce set up by SNP ministers which has produced just one report in three years.
Read more »
Is the AI Boom Pushing Mid-Atlantic Power Infrastructure to the BrinkGoldman Sachs warns that the rapid growth of AI data centers in the Mid-Atlantic region is driving a surge in power prices, with potential long-term implications for consumers and grid stability.
Read more »
Three sisters open new Pilates studio in Greater ManchesterThree sisters open a new Pilates studio in Whitefield after the boom in the exercise
Read more »
Stressed China youth fuel wellness boom with traditional twistPopping supplements, drinking herbal teas and signing up for lifestyle classes, China's youth are turning to the wellness industry as work stress and pandemic memories spur a growing interest in health.
Read more »