Since taking office, President Trump has implemented over 50 actions to rollback federal climate initiatives, creating chaos within the clean energy sector. A primary target was the Inflation Reduction Act (IRA), a significant $369 billion investment aimed at achieving net zero emissions by 2030, which the Trump administration paused. Experts note that this disruption has increased uncertainty in the clean energy market, complicating the progress made in renewable technologies and investments, ultimately making clean energy cheaper and attracting private funding to support the transition.
The Inflation Reduction Act was considered the largest investment in climate action in American history, earmarking $369 billion to clean energy and climate projects.
What is clear is that the Trump administration’s approach has massively disrupted the clean energy landscape, leading to uncertainty within the industry, according to experts.
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