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illuminem summarizes for you the essential news of the day. Read the full piece on E&E News or enjoy below:
🗞️ Driving the news: President-elect Donald Trump plans to dismantle Biden’s climate policies starting Day 1, with measures aimed at boosting oil and gas production, rolling back emissions regulations, and challenging climate-focused financial investments
• Trump argues that increasing U.S. fossil fuel output will reduce inflation and lower energy costs, despite experts questioning the feasibility of these claims
🔭 The context: Trump’s first administration faced setbacks due to rushed deregulation efforts that frequently lost in court
• His second term will likely see a more strategic approach, using experienced legal teams to delay or reverse climate policies
• His plans include targeting electric vehicle (EV) regulations, loosening restrictions on federal lands, and discouraging ESG investments in retirement funds
🌍 Why it matters for the planet: Trump’s agenda could stall U.S. progress toward emissions reduction and weaken environmental protections, particularly affecting climate research and energy transition efforts
• The impact may extend internationally, reducing the U.S.’s climate commitments and affecting global climate cooperation
⏭️ What's next: Trump’s administration will need time to navigate legal processes to repeal Biden-era policies, but could start weakening enforcement of existing rules
• Industry leaders, especially in fossil fuels, may benefit from this regulatory shift, while renewable energy sectors could face setbacks
💬 One quote: “We’re going to get that [energy] bill within 12 months down 50 percent” – Trump, though experts argue that global oil markets limit any president’s control over prices
📈 One stat: Companies have already invested over $320 billion in EV manufacturing and infrastructure, signaling a deep industry commitment to clean energy despite potential regulatory reversals
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