Crossroads: The Infrastructure Podcast Making sense of Trump's Day One energy orders
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Jan 27, 2025 Jonah Goldman, Head of External Affairs and Impact for Generate Capital, shares insights from his extensive background in energy innovation. He discusses the impact of President Trump's Day One executive orders, particularly on renewable energy development and the implications for the Inflation Reduction Act. Goldman highlights the challenges and opportunities posed by shifting policies, including the role of AI and cleaner technologies like hydrogen. His reflections on balancing community and shareholder interests provide a nuanced view of the evolving energy landscape.
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Early Actions: More Symbolic Than Impactful
- President Trump's early executive orders signal policy direction more than immediate impact.
- Many actions, like pausing Inflation Reduction Act funds, are symbolic since most funds are already allocated.
Onshore Wind: Political Challenges and Practical Realities
- Onshore wind energy, vital for many 'red' states, faces opposition from President Trump.
- Executive orders have limitations; revoking licenses or halting existing projects involves complex processes.
Energy Emergency: Unclear Implications for Renewables
- The national energy emergency declaration aims to lower energy prices but its impact on renewables is unclear.
- Renewables offer cheap and abundant power, aligning with the administration's goal of affordable energy.