- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Summary
A new report warns that Trump’s plan to dismantle Biden-era climate policies could hinder the U.S.’s potential as a clean energy superpower.
It could result in significant economic losses, including up to $80 billion in investments and billions more in forfeited exports. Trump’s plan would also cede leadership in the clean energy sector to China and other nations.
In contrast, policies like the Inflation Reduction Act have driven $150 billion in new U.S. manufacturing, particularly in Republican-dominated regions. These policies have also created about 300,000 jobs.
Trump’s proposed rollback threatens the U.S.’s competitiveness in the solar, wind, and electric vehicle industries, further reinforcing China’s dominance in the clean energy markets.
Trump is also planning to increase exports. However, many customers are aware of the climate impact their actions have, so buying from environmentally ethical sources isn’t just a fantasy any more. Companies and individual consumers are beginning to care about these things, which could have an impact on those ambitious export plans.
Every country wants to have more exports. Its not up to a leader of the country directly. You can’t force exports to occur. You have to convince someone from another country to buy something from your country. The exception to this is if you have things other countries want to buy, but you don’t want them to have them (like spaceflight, military goods, or high technology).
A nation’s leader can build mechanisms with other countries that can help convince them to buy such as free trade agreements, etc. However, thats the exact opposite of what trump is doing. Trump wants to put tariffs on imports, thats the opposite of free trade and makes other countries not want to buy from you.
There are so many contradictions with his plans and reality, that it’s just wild. Then again, that’s how pre-election fluff talk works.