Energy Evolution Trump makes big moves on energy, climate early in return to presidency
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Jan 28, 2025 Anna Mosby, leading global environmental policy at S&P Global, discusses the shifts in energy policies under Trump's new presidency. Jonathan Elkind from Columbia University highlights the implications of the U.S. exiting the Paris Agreement and its impact on global climate goals. Meanwhile, Andy Marsh, CEO of Plug Power, shares insights on the green hydrogen sector and his optimism for its future despite regulatory uncertainties. They delve into how these policies may reshape the U.S. energy landscape and affect renewable energy initiatives.
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Market-Driven Emissions Reductions
- U.S. emissions declines are primarily market-driven due to cheaper natural gas replacing coal.
- Other renewable technologies are also more cost-effective, driving market shifts.
Electricity Demand Growth
- Growing electricity demand, driven by AI and data centers, presents a challenge for the U.S.
- This may delay coal plant decommissioning, but their operating costs remain high.
Renewable Energy Momentum
- Market momentum and capital investments in renewable energy and EVs make complete policy reversals difficult.
- While policy changes may slow progress, the overall trend is likely to continue.