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U.S. Cleantech Boom Garners Bipartisan Support
Rystad Energy analysis reveals the US cleantech industry's resilience and growth prospects, driven by economic factors and bipartisan support, regardless of the 2024 presidential election outcome.
By Rystad Energy- Aug 30, 2024, 4:00 PM CDT The US cleantech industry is expected to continue thriving regardless of the outcome of the 2024 presidential election, with significant growth projected in Republican-led states. Despite a mixed record on cleantech, fossil fuel production during Trump's presidency was lower than current levels under Biden, and the growth of investments maintained a striking similarity, indicating a persistent momentum in US decarbonization efforts. Additionally, the “Limit, Save, Grow Act,” aiming to reduce funding for green energy and clean projects, faces challenges in the Senate, with some provisions already removed due to internal opposition.
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