Summary

A new report warns that Trump’s plan to dismantle Biden-era climate policies could hinder the U.S.’s potential as a clean energy superpower.

It could result in significant economic losses, including up to $80 billion in investments and billions more in forfeited exports. Trump’s plan would also cede leadership in the clean energy sector to China and other nations.

In contrast, policies like the Inflation Reduction Act have driven $150 billion in new U.S. manufacturing, particularly in Republican-dominated regions. These policies have also created about 300,000 jobs.

Trump’s proposed rollback threatens the U.S.’s competitiveness in the solar, wind, and electric vehicle industries, further reinforcing China’s dominance in the clean energy markets.