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The Sudden Shift in Big Banks' Stance on Fighting Climate Change

Trump's Fossil Fuel Expansion Could Derail Clean Energy Momentum


Published on 2025-01-21 22:40:55 - Forbes
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  • Commodities tied to clean energy and electrification showed resilience in 2024, despite the global manufacturing slowdown and Trump's roll back of "green" agenda items.

The article from Forbes discusses how former President Donald Trump's potential return to office could significantly impact the clean energy sector. Trump's previous administration was known for its support of fossil fuels, evidenced by actions like withdrawing from the Paris Climate Agreement and rolling back numerous environmental regulations. If Trump were to win the 2024 election, there's a fear that his policies might reverse the momentum gained by clean energy initiatives under the Biden administration. This includes potential cuts to subsidies for renewable energy, reimposition of tariffs on solar panels, and a general shift back towards coal, oil, and gas. Such policies could undermine investments in green technology, slow down the transition to sustainable energy sources, and potentially increase carbon emissions, thereby challenging the global push towards combating climate change.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/greatspeculations/2025/01/21/trumps-fossil-fuel-expansion-could-derail-clean-energy-momentum/ ]
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