President-elect Donald Trump is expected to reverse some of these plans President Joe Biden’s green energy policies and initiatives when he comes to power in 2024.
While on the campaign trail, Trump vowed to end the Biden administration’s “war on energy” and “disastrous” energy policies.
“They destroyed your steel mills, decimated your coal jobs, attacked your oil and gas jobs and sold your manufacturing jobs to China and other foreign countries around the world,” Trump said of the current administration.
Trump appointed North Dakota Governor Doug Burgum to head his newly formed National Energy Council, and former Representative Lee Zeldin to head the Environmental Protection Agency (EPA) – two pro-energy appointees expected to focus on various Biden policies. Here are five ways Trump could topple some of them in short order:
1. The Paris Climate Agreement
The Paris Agreement, reached at the 2015 UN Climate Change Conference, is a legally binding treaty between nearly 195 parties committed to international cooperation on climate change. climate change.
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Donald Trump (Evan Vucci)
Trump officially withdrew from the treaty in 2020, but Biden restored the US to the climate agreement after taking office in 2021.
The Trump campaign told Politico in June that the president-elect would support withdrawing the U.S. from the treaty for a second time if re-elected.
2. Electric vehicle mandate
The EPA announced a final rule under the Clean Air Act in March to set new emissions standards that would require up to two-thirds of new cars sold to be electric vehicles by 2032.
The new standards would affect “light-duty vehicle manufacturers, independent commercial importers, alternative fuel converters, and medium-duty vehicle manufacturers and converters,” according to the EPA’s final rule.
House Republicans have moved to block the mandate, passing the Congressional Review Act (CRA) in September to prevent the out-of-touch regulations from taking effect.
Trump has appointed former gubernatorial candidate Lee Zeldin to head the Environmental Protection Act (EPA) under his administration. (Jason DeCrow)
3. EV tax credit
Biden is currently offering a tax credit of up to $7,500 to encourage the purchase of greener vehicles.
However, sources with knowledge of the matter told Reuters that Trump plans to eliminate the tax credit as part of his breakthrough on Biden’s climate agenda.
One of Trump’s strongest allies, Tesla CEO Elon Musk, revealed in July that he supports abolishing credit. “Take away the subsidies,” Musk told X, saying that “it will only help Tesla.”
Financially healthy companies like Tesla could benefit from a narrowing of the electric vehicle playing field, while smaller companies that rely on the tax credit for consumer affordability could face setbacks. analysts suggest.
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4. Federal Coal Leases
Biden’s Bureau of Land Management (BLM) recently approved an amendment to the Resource Management Plan (RMP) to ban new federal coal leases, essentially banning all new federal mining leases in Wyoming’s Powder River Basin, the nation’s largest coal-producing region , will be blocked by 2041. .
This region produces about 40% of the country’s coal. However, BLM will allow existing coal leases to be further developed.
Aerial view of aquifer ponds on private and public lands in the Tongue River and Powder River region of northern Wyoming, near the Montana border. (William Campbell.)
After the decision has Trump’s transition team reinforced the idea of the president-elect’s campaign promise to strengthen American-made energy.
“Families have suffered from the past four years’ war on American energy, which led to the worst inflation crisis in a generation. Voters re-elected President Trump by a resounding margin, giving him a mandate to fulfill the promises he made during the campaign. , including reducing energy costs for consumers,” Karoline Leavitt, spokeswoman for Trump-Vance Transition, said in a statement to Fox News Digital.
5. Waste emission tax
Biden’s EPA recently announced that it will try to reduce the oil and gas industry to reduce methane emissions by imposing a waste emissions tax, permitted under the Inflation Reduction Act.
Under the Biden administration’s new rule, certain oil and gas facilities would be charged $900 per ton of “wasteful” emissions in CY 2024, $1,200 for CY 2025 and $1,500 for CY 2026.
The United States Environmental Protection Agency sign at its headquarters in Washington, DC (Jakub Porzycki/NurPhoto)
Trump-supporting oil advocacy groups and lawmakers in the House of Representatives have heavily criticized the fee, with the American Petroleum Institute releasing a policy roadmap for the new Trump administration to push back against the EPA’s final rule.
“Energy was on the agenda” in the 2024 election, Mike Sommers, president and CEO of the American Petroleum Institute told Fox News Digital in a statement after Trump’s victory in November.
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In Trump’s election, Sommers said voters “sent a clear signal that they want choices, not mandates, and an all-of-the-above approach that leverages our country’s resources and builds on the successes of his first term .”
