Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
President-elect Donald Trump is expected to roll back several President Joe Biden green energy policies and initiatives when he takes office in 2024.
While in the campaign route, Trump promised to end the “war on energy” and the “disastrous” energy policies of the Biden administration.
“They wiped out your steel mills, decimated your coal jobs, raided your oil and gas jobs, and sold your manufacturing jobs to China and other foreign nations around the world,” Trump said of the current administration.
Trump named North Dakota Gov. Doug Burgum to head his newly created National Energy Council, and former Rep. Lee Zeldin to head the Environmental Protection Agency (EPA), two appointees in favor of the ‘energy that is expected to target several of Biden’s policies. Here are five ways Trump could overturn several of them in short order:
1. The Paris Agreement on Climate
The Paris Agreement, established at the United Nations Climate Change Conference in 2015, is a legally binding treaty between nearly 195 parties committed to international cooperation on climate change.
BIDEN BLOCKS NEW MINING IN REGION PRODUCING ABOUT 40% OF NATION’S COAL: ‘IT’S A DISASTER’
donald trump (Evan Vucci)
Trump officially withdrew from the treaty in 2020, but Biden reinstated the United States in the climate accord after taking office in 2021.
The Trump campaign told Politico in June that the president-elect would support pulling the US out of the treaty a second time if re-elected.
2. Electric vehicle mandate
The EPA announced a final rule in March under the Clean Air Act to set new emissions standards that would require up to two-thirds of new cars sold to be electric vehicles by 2032.
The new rules 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 taken steps to block the mandate, passing the Congressional Review Act (CRA) in September to block enactment of the “out-of-touch regulation.”
Trump tapped former gubernatorial candidate Lee Zeldin to lead the Environmental Protection Act (EPA) under his administration. (Jason DeCrow)
3. EV tax credit
Currently, Biden offers a tax credit of up to $7,500 to incentivize 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 sweeping up Biden’s climate agenda.
One of Trump’s strongest allies, Tesla CEO Elon Musk, revealed in July that he supported getting rid of the credit. “Remove the subsidies,” Musk posted on X, saying it will “only help Tesla.”
Financially strong companies like Tesla could benefit if the playing field for electric vehicles is reduced, while smaller companies that rely on the tax credit for consumer affordability could face setbacks. analysts suggest.
TRUMP’S ENERGY AGENDA CAN MAKE AMERICA AFFORDABLE BACK
4. Federal coal leases
Biden’s Bureau of Land Management (BLM) recently approved an amendment to the Resource Management Plan (RMP) to prohibit new federal coal leases, essentially blocking any new federal mining leases in the river basin Wyoming’s Powder River, the nation’s largest coal-producing region, by 2041. .
This region produces about 40% of the nation’s coal. BLM, however, will allow existing coal leases to continue to be developed.
Aerial photo of ponds containing water on private and public lands in the Tongue and Powder River area of northern Wyoming near the Montana border. (William Campbell.)
Following the decision, Trump’s transition team reinforced the idea of the president-elect’s campaign promise to strengthen American-made energy.
“Families have suffered in the past four years of the war on American energy, which led to the worst inflationary crisis in a generation. Voters re-elected President Trump by a landslide margin, giving him a mandate to deliver on the promises he made on the campaign trail, including lowering energy costs for consumers,” Trump-Vance transition spokeswoman Karoline Leavitt said in a statement to Fox News Digital.
5. Waste emission rate
Biden’s EPA recently announced that it will try to “incentivize” the oil and gas industry reduce methane emissions by imposing a waste emissions tax, permitted by the Inflation Reduction Act.
Under the Biden administration’s new rule, certain oil and gas facilities would be charged $900 per metric ton of “wasteful” emissions in 2024, $1,200 in 2025 and $1,500 in in the year 2026.
Sign for the United States Environmental Protection Agency, at its headquarters in Washington, DC (Jakub Porzycki/NurPhoto)
Trump-supporting oil advocacy groups and House lawmakers pushed back on the levy, and the American Petroleum Institute released a policy roadmap for the Trump administration going against the final rule of the ‘EPA.
‘Energy was on the ballot’ in 2024 election, American Petroleum Institute President and CEO Mike Sommers he told Fox News Digital in a statement after Trump’s victory in November.
CLICK HERE TO GET THE FOX NEWS APP
By electing Trump, Sommers said voters had “sent a clear signal that they want options, not mandates, and an all-of-the-above approach that leverages our nation’s resources and builds on the accomplishments of his first term.” .
