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
    17·
    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.

  • NeoToasty@kbin.melroy.org
    15·
    7 days ago

    And even still, red state voting idiots will still see this as “Biden’s Fault”.

    You know, I wish systematic suffering on red state voters. Oh what’s that, some of you are trying to turn your votes around because now you’re scared of what your votes have caused? Too late, no take backs, suffer the consequences, assholes.

  • chaosCruiser@futurology.todayEnglish
    11·
    7 days ago

    Trump is also planning to increase exports. However, many customers are aware of the climate impact their actions have, so buying from environmentally ethical sources isn’t just a fantasy any more. Companies and individual consumers are beginning to care about these things, which could have an impact on those ambitious export plans.

    • partial_accumen@lemmy.world
      11·
      7 days ago

      Trump is also planning to increase exports

      Every country wants to have more exports. Its not up to a leader of the country directly. You can’t force exports to occur. You have to convince someone from another country to buy something from your country. The exception to this is if you have things other countries want to buy, but you don’t want them to have them (like spaceflight, military goods, or high technology).

      A nation’s leader can build mechanisms with other countries that can help convince them to buy such as free trade agreements, etc. However, thats the exact opposite of what trump is doing. Trump wants to put tariffs on imports, thats the opposite of free trade and makes other countries not want to buy from you.

      • chaosCruiser@futurology.todayEnglish
        5·
        7 days ago

        There are so many contradictions with his plans and reality, that it’s just wild. Then again, that’s how pre-election fluff talk works.

  • adarza@lemmy.caEnglish
    6·
    7 days ago

    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.

    the leopard’s gonna get fed good here, but not until they can blame it all on democrats.