The new US President has used his first 24 hours to pull all US government support for the green energy transition. He wants to ban any new wind energy projects and withdraw support for electric cars. His new energy policy refused to even mention solar panels, wind turbines, or battery storage - the world’s fastest-growing energy sources. Meanwhile, he wants to pour money into dying and declining industries - like gasoline-powered cars and expanding oil drilling.

China was the global leader in 21st-century energy before, but its future global dominance is now assured. There will be trillions of dollars to be made supplying the planet with green energy infrastructure in the coming decades. Decarbonizing the planet, and electrifying the global south with renewables will be the largest industrial project in human history.

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Source 2

  • givesomefucks@lemmy.worldEnglish
    98·
    7 hours ago

    Meanwhile, he wants to pour money into dying and declining industries - like gasoline-powered cars and expanding oil drilling.

    On one hand, I’m glad so many people will be agreeing with me the next four years…

    But anyone who thinks that wasn’t happening under Biden and wouldn’t have continued under Kamala just didn’t pay attention at all the last four years

    The fossil fuel industry owns both parties, and have for decades now.

    • LughOPMAEnglish
      91·
      7 hours ago

      Yes, the US political system is now even more corrupt than before. At least the Democrats were making some effort, and I’m sure blue states like California still will.

      • givesomefucks@lemmy.worldEnglish
        76·
        6 hours ago

        At least the Democrats were making some effort

        Mate…

        If it takes your house 12 hours to burn down or a week…

        What’s the difference? The house is still actively burning down for that week.

        Is it better? Yeah, but not enough to motivate people to fight for the week. If the choice was “burn down in 12 hours or not” then Dems would win every election because that’s a very easy choice for people.

        But the reason we don’t get that choice is the same reason Kamala became pro-fracking:

        Neoliberals care more about donations than votes. And fossil fuel corporations pay a lot in bribes donations

    • Tobberone@lemm.eeEnglish
      11·
      3 hours ago

      I keep forgetting how everything that happens in the US is because something the president did.

      It’s not like the collective west has made a collective effort on the issue either, but where the EU has (finally) seen renewables as a way out of oil dependence, the US is some ways off.

      It will be a big issue, though. Countries are going all electric for transportation, China (25% of world car market) is estimated to be at 57% BEV 20250, surpassing most European countries.

      In the end, it is about strategic autonomy in the energy sector. Something which hasn’t been possible before, but it is now. And Europe is feeling that squeeze and look everywhere for solutions.

      • givesomefucks@lemmy.worldEnglish
        22·
        6 hours ago

        Good data, but I disagree with their prediction:

        The crude oil production record in the United States in 2023 is unlikely to be broken in any other country in the near term because no other country has reached production capacity of 13.0 million b/d. Saudi Arabia’s state-owned Saudi Aramco recently scrapped plans to increase production capacity to 13.0 million b/d by 2027.

        trumps gonna break it just for the reason that Biden broke his last record.

        Out of sheer pettiness he’s going to make it worse, and fossil fuel corporations will jump at the chance to expand