The energy transition caused an electoral trauma as 2024 came to an end. The new administration of President-elect Donald Trump is promising to reverse at least some of the progress made under President Joe Biden on decarbonization. But the energy market is its own beast, subject to politics, but also dependent on economic, technological, environmental and international forces. Here are five elements to watch in Trump Two’s first year.
Democrats entered 2021 debating how many trillions of dollars in subsidies would appear in a climate bill. Four years later, they are bracing themselves for the question of how much of the (shrunken) legislation that was ultimately passed will survive.
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