Business Daily Is Donald Trump's comeback bad news for green energy?
12 snips
Dec 9, 2024 Donald Trump's potential return to the White House raises critical concerns for the green energy sector. He promises to roll back significant climate legislation and end offshore wind initiatives. Interestingly, Elon Musk's influence in Trump's circle could shape the future of electric vehicles. As the solar industry grapples with these changes, the impacts on job creation and local economies are under scrutiny. The race between U.S. and Chinese energy leadership further complicates the landscape. Will the renewables industry thrive or struggle in this new political climate?
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IRA Durability
- Many green jobs are in Republican states, making the Inflation Reduction Act durable.
- These jobs don't often require college degrees, boosting appeal in certain areas.
Qcells in Georgia
- Qcells, a Korean solar panel maker, has invested heavily in Georgia, creating jobs.
- Alan Rodriguez, a Qcells employee, moved from a carpet mill to a better job at Qcells.
Domestic Sourcing
- The Inflation Reduction Act enabled Altus Power to use more US-made components.
- This reduces reliance on unpredictable international supply chains and tariffs.