If Republicans win
If Democrats win
We will likely see a pullback on commitments toward international and national climate regulations and expanded support for fossil fuel production.
A second Trump administration would require cooperation from Congress to repeal the IRA, but this could prove difficult—even with Republican control of Congress—given that red districts have disproportionately benefited from clean energy investments under the IRA.
Nevertheless, it is likely that a Trump presidency would cut benefits under the IRA (e.g., electric vehicle tax credits), remove climate regulations seen as inhibiting economic growth and activity, support boosted domestic energy production, and pursue an “all-of-the-above” strategy that includes oil, natural gas, and coal, along with renewables.
We will likely see prioritization of clean energy initiatives and further investment toward reduction of greenhouse gas emissions.
The Inflation Reduction Act of 2022—the most significant climate legislation in US history—is all but certain to remain in force, with Kamala Harris widely expected to protect (and possibly expand upon) President Biden’s climate legacy.
Democrats have touted aggressive emissions reductions, adherence to emissions goals set by the Paris Agreement, stringent clean energy standards, investment in renewable energy and clean fuels, and empowerment of the Environmental Protection Agency to enforce climate policy.
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What if Democrats win?
What if Republicans win?