Trump win to jeopardise US$1 trillion in US energy investment, says Wood Mackenzie
- Admin
- May 20, 2024
- 1 min read
Investment in clean energy could go as low as US$6.6 trillion until 2050 in a delayed transition scenario. A win by the Republican Party in this year’s US presidential election could decelerate the country’s energy transition and reverse decarbonisation policies. US$1 trillion in energy investment could be at risk of being lost, were Donald Trump to win the November election. In a base case scenario, investments in the energy sector would be about US$7.7 trillion between 2023 and 2050, whereas in a net zero scenario investments would rise up to US$11.8 trillion. Deployment of solar PV, wind and energy storage could be 25% lower than in the base case scenario, with such a forecast predicting 500GW of installed capacity by 2050.
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