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Politics : Rat's Nest - Chronicles of Collapse
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From: Wharf Rat5/27/2024 7:30:50 PM
   of 24206
 
WoodMac Sees $1 Trillion At Risk for Clean Energy Investments Under Trump

By Alex Kimani – May 21, 2024, 7:00 PM CDT

WoodMac projects ~$7.7T in overall spending by the U.S. energy sector through 2050 under current policies.
The overall spending on renewable energy could be cut by $1 trillion under a new Trump presidency.
Analysts have predicted that less spending on low carbon energy could boost demand for natural gas by 6% or 6B cf/day by 2030.

WoodMac projects ~$7.7T in overall spending by the U.S. 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.
Analysts have predicted that less spending on low carbon energy could boost demand for natural gas by 6% or 6B cf/day by 2030.

WoodMac says that whereas Trump would lack the power to unilaterally repeal the Inflation Reduction Act enacted during the Biden presidency, he could bring changes to environmental rules and executive orders that would roll back many of Biden’s environmental policies.The research firm also projects that the total number of EVs on U.S. roads in 2050 would be 50% lower than under current policies because automakers would likely favor the production of hybrid vehicles over pure electric cars.

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