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Hitting the brakes: How the energy transition could decelerate in the US
Generous investment incentives have catapulted the US to global leadership in decarbonisation. Thanks to the support for low-carbon energy in the Infrastructure Investment and Jobs Act (IIJA) of 2021 and the Inflation Reduction Act (IRA) of 2022, our base case forecast for the US projects that by 2050 wind and solar power capacity will expand six-fold and low-carbon hydrogen will account for 5% of the energy mix. It also shows that fossil fuel demand will peak by 2030. But it might not work out that way. A victory for former President Donald Trump in the election in November would mean new policy priorities and an ... (full story)