How Trump & Musk Will Reshape US Climate Action — Michael Liebreich & Bryony Worthington
Nov 11, 2024
auto_awesome
The discussion dives deep into the potential impacts of Trump’s policies on clean energy and climate action in the U.S. Listeners learn about the challenges facing electric vehicles and the Inflation Reduction Act under new political dynamics. Insights from China reveal expectations about U.S. leadership, while tariffs on solar energy and LNG exports prompt a look into international trade implications. The conversation also reflects on Europe's strategy in the competitive global landscape shaped by political shifts.
The Trump administration may roll back crucial clean technology regulations, impacting the transition to renewable energy sources in the US.
Elon Musk's influence on climate policy could complicate the relationship between emerging fossil fuel interests and electric vehicle markets.
Deep dives
Emotional Reactions to Election Results
The emotional responses to the recent election results highlighted a spectrum of feelings among observers. One speaker expressed sadness over the overwhelming victory for Trump, noting the emergence of a 'red wave' with little to no checks and balances remaining in the political system. In contrast, another speaker felt shocked, having previously believed Kamala Harris had a better chance of winning. This sense of disbelief stemmed from a combination of personal observations of increased Trump visibility in blue regions and the misleading nature of polling data leading up to the election.
The Power of Messaging and Populism
The conversation discussed how effective messaging and populism play crucial roles in electoral success. The speakers emphasized that Trump's messaging resonates with various voter demographics by tapping into common fears and feelings of loss regarding America's identity. They referenced historical parallels with earlier populist politicians, particularly George Wallace, who skillfully hinted at controversial themes without directly addressing them. This ability to engage emotions and present oneself as an alternative to the status quo proved pivotal in galvanizing support.
Implications for Clean Technology Policy
Anticipation of changes in clean technology policy under a new administration dominated the discussion around future environmental initiatives. Expected rollbacks of regulations supporting offshore wind and electric vehicles were highlighted, with uncertainty surrounding the preservation of existing manufacturing credits for renewable technologies. The complexity of negotiations between emerging fossil fuel interests and the electric vehicle market, particularly concerning Elon Musk's influence, was addressed. The speakers acknowledged the potential for a mixed impact on solar energy, speculating it may fare better than wind due to its popularity, yet remain vulnerable to tariff implications.
International Relations and Clean Technology
The international perspective on clean technology was shaped by anticipated shifts in diplomatic relations, particularly towards China. Observations indicated that Chinese stakeholders largely anticipated Trump’s victory while viewing him as a known variable in business relations. The conversation touched upon China's ongoing advancements in clean technology and its willingness to collaborate globally. Furthermore, concerns about the European Union’s ability to remain competitive were raised, with calls for clearer strategic planning and partnerships, especially with Africa, to harness renewable resources.
How will the Trump administration's policies impact the clean energy transition in the United States? What will be Elon Musk's role in shaping climate policy? And what are the geopolitical implications of the US withdrawing from the Paris Agreement?
In this special episode of Cleaning Up, hosts Michael Liebreich and Bryony Worthington reflect on the implications of the recent US election results and the potential impact on energy and climate policy. They explore the likely policy changes under a Trump administration, including potential cuts to clean technologies like offshore wind and electric vehicles, as well as the potential for increased fossil fuel production and the relaxation of environmental regulations.
Bryony shares her insights from her recent trip to China, where the expectation was that Trump would win and the general sentiment was that China could do business with him. Michael examines the perceived lack of a coherent strategy in Europe to compete with the US and China in the clean energy and technology sectors.
Leadership Circle
Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live.