Donald Trump’s election victory signals major shifts in U.S. energy and climate policies. He plans to prioritise oil and gas production, roll back renewable energy incentives, pull out of the Paris Climate Agreement and expedite drilling and energy infrastructure projects. These efforts were designed to stimulate the U.S. fossil fuel industry to “drill baby, drill.” Trump’s first few weeks in office suggest he is working quickly to undo the Democrats’ work toward cleaner energy. 

In the short term, these orders may slow investment in renewables while boosting fossil fuel projects. In the long term, they could weaken federal support for clean energy, though state-level policies and market forces may counterbalance this. Overall the outlook is uncertain. The reality on the ground could be a disappointment for Trump, who is betting that a big jump in oil supply can beat back US inflation by making goods and fuel cheaper. Some also suggest fears about the adverse impact the Trump administration will have on the renewable energy sector may be overstated.

The Financial Times in partnership with Parameta brought together insights from global leaders, spanning the supply and market side in addition to policy makers and market intelligence experts to explore the data behind the shift and what US policy really means for renewables and commodities. 

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