Donald Trump Could Slow Clean Energy’s Hard-Won Progress

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Donald Trump Could Slow Clean Energy’s Hard-Won Progress

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Friday, October 7, 2016 - 6:50pm

CAMPAIGN: Bloomberg: Sustainable Finance

CONTENT: Article

Originally posted on Huffington Post.

“A Trump presidency would probably not be the worst disaster, given that support is grandfathered in at the federal level,” said Jenny Chase, head of global solar analysis at Bloomberg New Energy Finance.

Chase says the fight has moved instead to the states, where solar companies navigate a patchwork of net metering policies ― rules that allow households or businesses with solar panels to sell excess electricity back to the grid during the day.

Trump could damage renewable energy development on the state level. He has threatened to discard President Barack Obama’s signature climate policy, the Clean Power Plan, which includes a $4 billion fund to provide state incentives to develop clean energy. A Trump presidency could also embolden utility companies already fighting back against state-level solar incentives.

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Keywords: Environment | BNEF | Bloomberg | ELECTION | Energy | Environment | Finance | Innovation & Technology | Solar | electricity | green finance

CAMPAIGN: Bloomberg: Sustainable Finance

CONTENT: Article