The article discusses the Trump administration's recent policies which advocate for fossil fuel use and reduce backing for clean energy initiatives. These actions are believed to potentially heighten emissions of greenhouse gases. While the Biden administration had previously catalyzed a surge in clean energy investment—totaling over $280 billion in 2023, an increase from about $200 billion in 2020—market forces like lowering clean energy prices and heightened demand for renewable sources ensure that the energy transition will likely persist, albeit at a possibly slowed pace under Trump's administration. Stakeholders maintain a localized optimism about continuity in renewable projects despite political setbacks.
The Trump administration's policies are promoting fossil fuels and weakening support for clean energy, potentially increasing greenhouse gas emissions.
Despite Trump's undermining of climate initiatives, the energy transition is still expected to progress due to market dynamics favoring clean energy.
Policymakers and experts agree that while Trump's actions may slow clean energy advancements, they are unlikely to completely halt the energy transition.
Spending on clean energy reached $280 billion in 2023, driven by both market forces and policies from the previous Biden administration.
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