Can Biden's green boom survive Trump's wrecking ball?
Financial Express Delhi|December 27, 2024
THE ENERGY TRANSITION sustained an electoral trauma as 2024 drew to a close. The incoming administration of President-elect Donald Trump promises to undo at least some of the progress made on decarbonisation under President Joe Biden.
Liam Denning Bloomberg

But the energy market is its own beast, subject to politics but also beholden to economic, technological, environmental, and international forces. Here are five elements to watch in Year One of Trump Two.

The IRA: Democrats entered 2021 debating how many trillions of dollars of subsidies would feature in a climate bill. Four years later, they brace for how much of the (shrunken) legislation that ultimately passed will survive.

Three things offer them grounds for cautious hope. First, Trump's earlier trifecta, in his first term, didn't deliver a death blow to the Affordable Care Act, a prior GOP bête noire. It's just hard to remove federal benefits once enacted — which leads into the second factor: Cleantech investment and jobs spurred by the Inflation Reduction Act flow overwhelmingly to red districts. Third, Republicans' House majority is razor-thin.

هذه القصة مأخوذة من طبعة December 27, 2024 من Financial Express Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 27, 2024 من Financial Express Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FINANCIAL EXPRESS DELHI مشاهدة الكل
Financial Express Delhi

Law min seeks poll panel's response to over 20 queries

THE QUESTIONS WERE RAISED BY JPC ON JOINT POLLS

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January 22, 2025
Financial Express Delhi

Govt extends free tur import policy by one more year

THE GOVERNMENT ON Tuesday extended the duty-free import policy for tur or pigeon peas by a year, until March 31, 2026, according to a notification by the directorate general of foreign trade (DGFT).

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January 22, 2025
Financial Express Delhi

Experts: Relax 20% pre-deposit rule for stay on I-T demand

RUN-UP TO THE BUDGET 2025-26

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January 22, 2025
Financial Express Delhi

PLI release for 6 sectors at ₹1,596 cr in H1FY25

THE GOVERNMENT HAS disbursed ₹1,596 crore under the production-linked incentive (PLI) scheme for six sectors, including electronics and pharmaceuticals, in the first half of this financial year, a senior official said on Tuesday.

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1 min  |
January 22, 2025
Financial Express Delhi

Renewables' share to remain stable at 21% in FY25: Ind-Ra

THE SHARE OF renewables, including large hydro in the country's overall energy mix, is expected to remain stable at nearly 21% in FY25, India Ratings and Research (Ind-Ra) said on Tuesday.

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January 22, 2025
Financial Express Delhi

InMobi to raise $400 mn, targets $8 bn valuation

● New and existing investors to join

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January 22, 2025
Financial Express Delhi

At ₹2.24 lakh crore, Rajasthan leads Q3 energy investments

Maharashtra, which topped the rankings in Q2, has slipped to second position now

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1 min  |
January 22, 2025
Financial Express Delhi

Exporters Can Import Small Diamonds Sans Duty From Apr 1

THE GOVERNMENT ON Tuesday announced a scheme that will allow duty-free import of natural cut and polished diamonds of up to 25 cents or quarter of a carat by exporters to retain India's position as a global leader in the entire diamond value chain, according to a statement.

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1 min  |
January 22, 2025
Financial Express Delhi

Asset Monetisation Scheme 2.0 with ₹2L-cr Annual Target Likely

WITH THE CURRENT National Monetisation Pipeline (NMP) programme set to end in March this year, the Centre may announce its next phase with an annual asset monetisation target of ₹2 lakh crore for the next four-to-five years to mobilise capital for investments and reinvestments.

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2 mins  |
January 22, 2025
Financial Express Delhi

Analysts remain bullish on Zomato despite share dip

Expect sustainable growth profitability in the coming years

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January 22, 2025