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Excerpt from americanactionnews.com
A study released last week by big energy consultancy Wood Mackenzie says a Republican (i.e., Trump) win in November’s elections could “decelerate [the] energy transition,” and result in a reduction of “energy investment” of $1 trillion.
Anticipating a possible Trump victory, Wood MacKenzie’s study includes what it calls a “delayed transition” scenario, in addition to a “base case” assuming current policy trends, and a “net zero” case that assumes an acceleration of more and more debt-funded “green” subsidies at the federal level. The firm estimates its net zero scenario requires overall U.S. energy investments of $11.8 trillion in the coming 26 years, compared to $7.7 trillion in its base case and $6.7 trillion in the delayed transition case.
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