Summary

A new report warns that Donald Trump’s plan to dismantle Biden-era climate policies could hinder the U.S.’s potential as a clean energy superpower.

This plan could result in significant economic losses, including up to $80 billion in investments and billions more in forfeited exports. Moreover, it would cede leadership in the clean energy sector to China and other nations.

On the contrary, policies like the Inflation Reduction Act (IRA) have been instrumental in driving $150 billion in new U.S. manufacturing, particularly in Republican-dominated regions. These policies have also created approximately 300,000 jobs.

Trump’s proposed rollback poses a threat to the U.S.’s competitiveness in the solar, wind, and electric vehicle industries. This could further reinforce China’s dominance in the clean energy markets.