How Trump’s second term could derail the clean energy transition
What a whirlwind campaign season, and now it is clear that Trump is back in office. This will certainly have consequences for the American clean energy industry, which can only be described as bursting at the seams with enthusiasm, innovation, and funding.
One thing we know for sure, GPG is not going anywhere, or straying from the mission. Clean energy will eventually win, if only because cleaner energy = cheaper energy. If you are looking for an opportunity to connect, and learn about energy efficiency & electrification for a more livable planet, join us tomorrow night at the Holland Energy Expo. I'll be speaking at 4:55pm. Details at the bottom.
It looks like Trump will likely repeal key EPA regulations that limit greenhouse gas emissions, and withdraw the USA from the Paris Agreement, again.
But he probably can't totally repeal the landmark Inflation Reduction Act (IRA), or all the funds allocated for climate work from the 2021 bipartisan infrastructure law. As a reminder, the IRA is sending about $210 million to Michigan to fund energy efficiency and electrification (AKA our jam!). Since these were legislated, he would need monumental support from Republicans in congress to repeal it. They probably won't have enough members to do this; 18 house republicans have recently issued a letter of caution to Speaker Mike Johnson, warning that this would be inadvisable. Why would republicans issue such a statement?
Well, since most of the investment and job growth the IRA has spurred has taken place in states and congressional districts represented by Republicans, it seems unlikely that a repeal of the funds would be a popular proposition. Many private dollars have already been funneled into these clean energy projects, so a full repeal would be... pretty disastrous for many investors and businesses.
There's also the desire to “'consolidate American dominance' in key energy sectors and industries now dominated by China," as described by J.D. Vance. Supporting the American clean energy boom would seem to line up well with this priority.
As with the first Trump presidency, only time will tell which gears he oils up, and which he throws sand into.