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Trumps Impact on Clean-Energy Businesses
https://www.technologyreview.com/s/602833/trumps-impact-on-clean-energy-businesses/[font face=Serif][font size=5]Trump’s Impact on Clean-Energy Businesses[/font]
[font size=4]Wind and solar power will probably continue to grow during the next few years, though longer-terms prospects are cloudy.[/font]
by Peter Fairley | November 14, 2016
[font size=3]President-elect Donald Trump is a self-declared climate-change denier who, on the campaign trail, criticized solar power as “very, very expensive” and said wind power was bad for the environment because it was “killing all the eagles.” He also vowed to eliminate all federal action on climate change, including the Clean Power Plan, President Obama’s emissions reduction program for the power sector.
…
Trump’s rhetoric has had renewable-energy stocks gyrating since the election. But the impact could be far less drastic than many worst-case scenarios. “At the end of the day what Trump says and what is actually implemented are two completely different things,” says Yuan-Sheng Yu, an energy analyst with Lux Research.
Still, Yu authored one of the darkest forecasts on renewable energy under Trump’s leadership. His report, issued last week, projected that energy generation from renewables would essentially flatline under two Trump terms, growing just 2.3 percent through 2024. That’s a stark shift from recent history, which saw wind and solar generation in the U.S. grow by 4 percent and 28 percent, respectively, just last year. Projected generation under Trump looked even more meager in comparison to the robust renewables uptick Yu forecast under a Hillary Clinton victory: a 56.9 percent increase in renewable generation over eight years, thanks to a renewables-centric energy policy platform.
However, the Lux projection, like post-election analysis from some investment research firms, makes a questionable assumption: that President Trump would wipe out the federal tax credits for wind and solar installations. Renewable-energy advocates say Trump never explicitly called for eliminating the tax credits and could find it difficult to garner the congressional support required to do so.
…[/font][/font]
[font size=4]Wind and solar power will probably continue to grow during the next few years, though longer-terms prospects are cloudy.[/font]
by Peter Fairley | November 14, 2016
[font size=3]President-elect Donald Trump is a self-declared climate-change denier who, on the campaign trail, criticized solar power as “very, very expensive” and said wind power was bad for the environment because it was “killing all the eagles.” He also vowed to eliminate all federal action on climate change, including the Clean Power Plan, President Obama’s emissions reduction program for the power sector.
…
Trump’s rhetoric has had renewable-energy stocks gyrating since the election. But the impact could be far less drastic than many worst-case scenarios. “At the end of the day what Trump says and what is actually implemented are two completely different things,” says Yuan-Sheng Yu, an energy analyst with Lux Research.
Still, Yu authored one of the darkest forecasts on renewable energy under Trump’s leadership. His report, issued last week, projected that energy generation from renewables would essentially flatline under two Trump terms, growing just 2.3 percent through 2024. That’s a stark shift from recent history, which saw wind and solar generation in the U.S. grow by 4 percent and 28 percent, respectively, just last year. Projected generation under Trump looked even more meager in comparison to the robust renewables uptick Yu forecast under a Hillary Clinton victory: a 56.9 percent increase in renewable generation over eight years, thanks to a renewables-centric energy policy platform.
However, the Lux projection, like post-election analysis from some investment research firms, makes a questionable assumption: that President Trump would wipe out the federal tax credits for wind and solar installations. Renewable-energy advocates say Trump never explicitly called for eliminating the tax credits and could find it difficult to garner the congressional support required to do so.
…[/font][/font]
