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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    • 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