Energy Evolution Trump makes big moves on energy, climate early in return to presidency
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Jan 28, 2025 Anna Mosby, head of environmental policy at S&P Global, Jonathan Elkind from Columbia University, and Andy Marsh, CEO of Plug Power, dive into the shifting U.S. energy landscape under Trump’s administration. They discuss the rollback of climate policies, the impact on fossil fuel initiatives, and the potential effects on global energy markets. Marsh shares insights on Plug Power's green hydrogen advancements amid regulatory uncertainty. The group emphasizes the implications of a national energy emergency and how these changes could reshape the future of clean energy.
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Market-Driven Emissions Reductions
- U.S. emissions declines are largely market-driven due to cheaper natural gas replacing coal.
- Renewable technologies are also more cost-competitive, driving further emissions reductions.
Trump 2.0: More Organized
- The second Trump administration is more organized and prepared regarding energy and climate policy than the first.
- They are focusing on permitting reform to avoid past infrastructure delays.
Electricity Demand and Resource Mix
- Increased electricity demand from data centers and AI may slow coal plant decommissioning, but their high operating costs remain a factor.
- A mix of new resources, including natural gas and renewables, is likely.