Energy analytics firm Wood Mackenzie has reiterated its earlier predictions that the renewable energy sector is likely to come under pressure under a second Trump administration
but said that the likelihood of a full repeal of the Inflation Reduction Act IRA remains low. “The IRA has supported over US$220 billion in manufacturing investment and much of this has been concentrated in Republican-led states,” said David Brown, Director, Energy Transition Service at Wood Mackenzie in a press release. “The likelihood of a full IRA repeal is low. However, there could be some amendments to the legislation.
energy sector through 2050 under current policies, a figure that could be cut by $1T under Trump through reduced policy support for low-carbon energy and infrastructure improvements. The analysts have predicted that less spending on low-carbon energy could boost demand for natural gas by 6% or 6B cf/day by 2030.
Biden. Renewables Energy Transition Woodmackenzie
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.
A Brief History of Tulsi Gabbard’s Evolution—From Democratic ‘Star’ to MAGA RepublicanFormer ‘rising star’ Democrat Tulsi Gabbard’s announcement that she’s joining the GOP has been years in the making.
Read more »
Republican Senate candidate’s fire fighting company could go up in smokePreparing for office the Blackstone way
Read more »
Elizabeth Warren faces challenge from Republican John Deaton in US Senate raceIncumbent Democratic Senator Elizabeth Warren and Republican newcomer John Deaton are running for U.S. Senate in Massachusetts.
Read more »
King Charles and Queen Camilla Delighted by Warm Sydney Welcome Despite Fears of Republican BacklashKing Charles III and Queen Camilla received a warm welcome in Sydney despite concerns about republican sentiment in Australia. The couple's arrival, initially met with rain and darkness, was brightened by enthusiastic crowds cheering them on.
Read more »
The future of democracy is in the hands of Republican wivesIn a tight race divided on gender lines, Harris's team are seeking an edge - inside pro-Trump households
Read more »
US election latest: Polls not great for Trump in swing states - as prominent Republican joins HarrisKamala Harris will be joined by lifelong Republican Liz Cheney on a three-stop swing state tour today. The pair will stop in Pennsylvania, Michigan and Wisconsin. Meanwhile, Donald Trump is looking to shore his support base in another swing state - North Carolina.
Read more »