Utility Survey: Trump Will Not Stop the Clean Energy Transition
By Gavin Bade for Utility Dive. Today, President Trump is poised to release a long-anticipated executive order to roll back the Clean Power Plan, the Obama administration’s signature climate initiative.
The order is expected to be accompanied by directives to lift a moratorium on federal land coal leases and to cease the use of the social cost of carbon — all part of a broad campaign to dismantle environmental regulations on the power sector that Trump blames for the decline of the coal economy in the United States.
But while rescinding the rules could help slow coal power’s decline in the short term, analysts say it is unlikely to reverse its long-term downturn, mostly due to the economics of natural gas and renewables.
That attitude is shared not just by market observers, but by electric utilities themselves.