Can Biden's Green Boom Survive Trump's Wrecking Ball?
Financial Express Kolkata|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.
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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Denne historien er fra December 27, 2024-utgaven av Financial Express Kolkata.

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Financial Express Kolkata

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 Kolkata

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 mins  |
December 29, 2024
Financial Express Kolkata

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 mins  |
December 29, 2024
Financial Express Kolkata

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

And the adage about London buses came to mind when he repeated the feat with a much more fluent and dominant century in Melbourne.

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2 mins  |
December 29, 2024
Financial Express Kolkata

Individualised AI Tools

According to the Info-Tech Research Group report, more and more organisations will also be pursuing building their own AI tools.

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1 min  |
December 29, 2024
Financial Express Kolkata

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 Kolkata

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 Kolkata

Credila Financial Files IPO Papers

EDUCATION LOANS-FOCUSED LENDER Credila Financial Services, formerly known as HDFC Credila Financial Services, has filed papers with markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route.

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1 min  |
December 29, 2024
Financial Express Kolkata

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
Financial Express Kolkata

Several ministers, CMs to join world leaders in Davos for WEF meet 2025

UNION MINISTERS ASHWINI Vaishnaw, CR Patil, Chirag Paswan, K Ram Mohan Naidu and Jayant Chaudhary, alongside three chief ministers Devendra Fadnavis, Chandrababu Naidu and Revant Reddy, will join hundreds of government and business leaders from across the globe in Swiss ski resort town Davos next month for the World Economic Forum Annual Meeting 2025.

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1 min  |
December 29, 2024