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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  • AbsolutelyNotAVelociraptor@sh.itjust.worksEnglish
    61·
    1 month ago

    Don’t worry, they’ll just impose tariffs to China so China will bankrupt because the american market is the greatestest ever in the universe and everyone and their mother needs to sell their goods to them or they will go bankrupt too.

    Or something like that.

    • Miles O'Brien@startrek.websiteEnglish
      29·
      1 month ago

      I tried explaining tariffs to my in-laws.

      They genuinely think that other countries will be paying the extra cost for the privilege of trading with the USA.

      Completely refuse to believe they have to pay the extra cost out of their own pocket or the company will sell elsewhere.

      Edit to add, these in-law’s also think China is still mostly like their media-based perception of feudal Japan. As in “they only have two modern cities, Beijing and Tokyo” type of “knowledge” of China.

    • wise_pancake@lemmy.caEnglish
      6·
      1 month ago

      Don’t sell too many goods to them, if there’s a trade deficit that’s “unfair”

  • JeeBaiChow@lemmy.worldEnglish
    12·
    1 month ago

    I mean why not? They’ve already handed the electric car market to their sino counterparts. And farming tech. And consumer drones. And…

  • RubberElectrons@lemmy.worldEnglish
    101·
    1 month ago

    There are some of us keeping the work alive, no need for govt funds. Definitely gonna slow down basic research though, and that’s a critical problem.

    Keep your hopes up and pay attention.

  • Ekpu@lemmy.worldEnglish
    6·
    1 month ago

    I can only hope that we in Germany wan’t do the same mistake. Renewable energy is cheaper by now and it would be a huge economic failure to dismiss this.

  • givesomefucks@lemmy.worldEnglish
    138·
    1 month ago

    Meanwhile, he wants to pour money into dying and declining industries - like gasoline-powered cars and expanding oil drilling.

    On one hand, I’m glad so many people will be agreeing with me the next four years…

    But anyone who thinks that wasn’t happening under Biden and wouldn’t have continued under Kamala just didn’t pay attention at all the last four years

    The fossil fuel industry owns both parties, and have for decades now.

    • Lugh@futurology.todayOPMEnglish
      92·
      1 month ago

      Yes, the US political system is now even more corrupt than before. At least the Democrats were making some effort, and I’m sure blue states like California still will.

      • givesomefucks@lemmy.worldEnglish
        97·
        1 month ago

        At least the Democrats were making some effort

        Mate…

        If it takes your house 12 hours to burn down or a week…

        What’s the difference? The house is still actively burning down for that week.

        Is it better? Yeah, but not enough to motivate people to fight for the week. If the choice was “burn down in 12 hours or not” then Dems would win every election because that’s a very easy choice for people.

        But the reason we don’t get that choice is the same reason Kamala became pro-fracking:

        Neoliberals care more about donations than votes. And fossil fuel corporations pay a lot in bribes donations

        • juli@lemmy.worldEnglish
          2·
          1 month ago

          It’s sad that most people in the US are in a cult and don’t even know it. Just “my side is better” all day long without any self reflection of the past. Both party were funded by billionaires and foreign lobbying group forever.

          But whenever it isn’t going their way, one side goes on a boring trite. Rinse and repeat.

      • givesomefucks@lemmy.worldEnglish
        42·
        1 month 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

    • Tobberone@lemm.eeEnglish
      31·
      1 month ago

      I keep forgetting how everything that happens in the US is because something the president did.

      It’s not like the collective west has made a collective effort on the issue either, but where the EU has (finally) seen renewables as a way out of oil dependence, the US is some ways off.

      It will be a big issue, though. Countries are going all electric for transportation, China (25% of world car market) is estimated to be at 57% BEV 20250, surpassing most European countries.

      In the end, it is about strategic autonomy in the energy sector. Something which hasn’t been possible before, but it is now. And Europe is feeling that squeeze and look everywhere for solutions.