President-elect Donald Trump is expected to roll back many of President Joe Biden’s green energy policies and initiatives when he takes office in 2024.
during the campaignAfterwards, Trump vowed to undo the Biden administration’s “energy war” and “disastrous” energy policies.
“They’ve destroyed your steel plants, they’ve destroyed your coal jobs, they’ve attacked your oil and gas jobs, they’ve sold your manufacturing jobs to China and the world,” Trump said of the current administration. Other countries around the world.
Trump appointed North Dakota Governor Doug Burgum to lead the newly created National Energy Commission and former Rep. Lee Zeldin to lead the Environmental Protection Agency (EPA) – both Pro-energy appointees are expected to target several of Biden’s policies. Here are five ways Trump could reverse some of these measures on short notice:
1. Paris Climate Agreement
The Paris Agreement is a legally binding treaty reached at the 2015 United Nations Climate Change Conference and signed by nearly 195 parties committed to international cooperation in the field of climate change. climate change.
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Donald Trump (played by Alvin Vucci)
Trump officially withdrew from the treaty in 2020, but Biden reinstated the United States into the climate agreement after taking office in 2021.
The Trump campaign told Politico in June that the president-elect would support the United States’ second withdrawal from the treaty if re-elected.
2. Electric vehicle authorization
The EPA in March announced a final rule under the Clean Air Act to set new emissions standards that would require up to two-thirds of new vehicles sold by 2032 to be electric.
According to the EPA’s final rule, the new standards will affect “light vehicle manufacturers, independent commercial importers, manufacturers of alternative fuel converters, and medium-duty vehicles and converters.”
House Republicans have taken steps to block the authorization, passing the Congressional Review Act (CRA) in September to prevent the enactment of “disjointed regulations.”
Trump tapped former gubernatorial candidate Lee Zeldin to lead his administration’s Environmental Protection Act (EPA). (played by Jason Decro)
3. Electric Vehicle Tax Credit
Biden is currently offering tax credits of up to $7,500 to incentivize the purchase of green vehicles.
However, people familiar with the matter told Reuters that Trump plans to eliminate the tax credits as part of his sweeping push for Biden’s climate agenda.
One of Trump’s strongest allies, Tesla CEO Elon Musk, revealed in July that he supported eliminating the credit. “Removing subsidies,” Musk posted on X, “will only help Tesla.”
Analysts say financially healthy companies like Tesla could benefit if the playing field for electric vehicles shrinks, while smaller companies that rely on tax credits to boost consumer affordability could face setbacks.
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4. Federal Coal Leasing
Biden’s Bureau of Land Management (BLM) recently approved an amendment to the Resource Management Plan (RMP) that bans new federal coal leasing, essentially blocking production in Wyoming, the country’s largest coal-producing region, through 2041 Any new federal mining leases in the Powder River Basin.
The region produces about 40% of the country’s coal. However, the Bureau of Land Management will allow continued development of existing coal leases.
Aerial photo of impoundments on private and public lands in the Tongue and Powder River areas near the Montana border in northern Wyoming. (William Campbell.)
According to this decision, Trump’s transition team Reinforcing the concept of the president-elect’s campaign pledge to support American-made energy.
“Over the past four years, many families have suffered from America’s energy war, which has triggered the worst inflationary crisis in a generation. Voters overwhelmingly re-elected President Trump, empowering him to deliver on the promises he made during his campaign. promise.
5. Waste discharge fee
Biden’s EPA recently announced it would try to “incentivize” oil and gas industry Under the Inflation Reduction Act, methane emissions are reduced through waste discharge fees.
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Under the Biden administration’s new rules, certain oil and gas facilities will be charged $900 per ton of “wasteful” emissions in 2024, $1,200 in 2025 and $1,500 in 2026.
The logo of the U.S. Environmental Protection Agency headquarters in Washington, D.C. (Jakub Porzycki/NurPhoto)
Pro-Trump oil advocacy groups and House lawmakers blasted the fee, and the American Petroleum Institute released a policy roadmap for the incoming Trump administration to counter the EPA’s final rule.
Mike Sommers, president and CEO of the American Petroleum Institute, told Fox News Digital in a statement after Trump’s victory in November that “the energy issue is there in the 2024 election.” On the ballot.”
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Summers said that in electing Trump, voters “sent a clear signal that they want choice, not coercion, and a way to leverage our nation’s resources and build on the success of his first term.” Take all of the above.
