Can Biden's green boom survive Trump's wrecking ball?
Financial Express Chandigarh|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.

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Financial Express Chandigarh

Hallucinatory AI May Not Necessarily Be a Bad Thing

The smart machines, it turns out, are dreaming up riots of unrealities that help scientists track cancer, design drugs, and even win the Nobel Prize.

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4 minutos  |
December 29, 2024
Financial Express Chandigarh

Putin Apologizes for 'Tragic' Azerbaijani Airplane Crash

But stops short of admitting airliner was shot down

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1 min  |
December 29, 2024
Financial Express Chandigarh

Genome reveals how a small group burst out of Africa

DNA from European fossils dating back 45,000 years offers new clues to how our species spread across the world

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2 minutos  |
December 29, 2024
Financial Express Chandigarh

Across the Aisle

Commentators described the BJP-led government as a 'minority' government that will force Mr Modi to be more circumspect and restrained. I did not share that view. They thought that Mr Modi will be more deferent to Parliament, but that too was belied by the Winter session. Apparently, on Mr Modi's instructions, the ministers and MPs carried on in the usual aggressive way, showed scant respect to Parliamentary rules and conventions, and rode roughshod over the Opposition

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1 min  |
December 29, 2024
Financial Express Chandigarh

Defiant push to change Constitution

Support of two-thirds of the members present and voting required to pass a Constitution Amendment Bill.

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2 minutos  |
December 29, 2024
Financial Express Chandigarh

What does the future hold for out-of-form India captain Rohit Sharma?

Rohit has had one 50-plus score in his last 14 visits to the crease, and his last Test hundred came in March in the home series against England, a high point for him as a batsman and skipper. The last home summer was a forgettable one and he has not reached double figures in his four innings in Australia since joining the team after the birth of his second child.

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4 minutos  |
December 29, 2024
Financial Express Chandigarh

Biotech Advancements

Recent breakthroughs in the field of biotechnology are expected to provide solutions for dominant problems in 2025.

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1 min  |
December 29, 2024
Financial Express Chandigarh

Adani Green Forms New Subsidiary for Renewables

ADANI GREEN ENERGY on Saturday incorporated a new wholly owned subsidiary, Adani Green Energy Sixty Eight Limited.

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1 min  |
December 29, 2024
Financial Express Chandigarh

Scindia Meets FM to Discuss India Post's Profitability Path

COMMUNICATIONS MINISTER JYOTIRADITYA Scindia has met finance minister Nirmala Sitharaman to discuss India Post's path to profitability, an official release said on Saturday.

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1 min  |
December 29, 2024
Financial Express Chandigarh

Zydus Wellness arm gets ₹56.33-cr GST demand

ZYDUS WELLNESS ON Saturday said its wholly-owned arm has received a GST demand of ₹56.33 crore, along with applicable interest and penalty from the tax authority.

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1 min  |
December 29, 2024