Big Green Agenda in trouble

 American Action News:

A study released last week by big energy consultancy Wood Mackenzie says a Republican (i.e., Trump) win in November’s elections could “decelerate [the] energy transition,” and result in a reduction of “energy investment” of $1 trillion.

Anticipating a possible Trump victory, Wood MacKenzie’s study includes what it calls a “delayed transition” scenario, in addition to a “base case” assuming current policy trends, and a “net zero” case that assumes an acceleration of more and more debt-funded “green” subsidies at the federal level. The firm estimates its net zero scenario requires overall U.S. energy investments of $11.8 trillion in the coming 26 years, compared to $7.7 trillion in its base case and $6.7 trillion in the delayed transition case.

“This election cycle will really influence the pace of energy investment, both in the next five years and through 2050. Investments in low-carbon supply need to be made in the near term to realize longer-dated decarbonization targets,” David Brown, director of Wood Mackenzie’s Energy Transition Research, said in a release.

None of this should be surprising to anyone who has been paying attention. It is no secret that Donald Trump has a dim view of many of the subsidy provisions for so-called “green” energy and EVs that were included in the Orwellian-named Inflation Reduction Act.
...

Trump is right about green energy.  It is not sustainable and it will cost more and produce less.  Green energy would be a financial disaster for the US and do little to nothing to impact the climate.  It is also clear that the market for EVs is probably already saturated.  Expecting it to grow by throwing money at it is a waste.

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