Your current location is:{Current column} >>Text
Trump win could challenge IRA policies, says Jefferies By
{Current column}5People have watched
IntroductionA Trump victory in the 2024 US presidential election could place the Inflation Reduction Act (IRA) a ...
A Trump victory in the 2024 US presidential election could Is MT4 platform legal in Chinaplace the Inflation Reduction Act (IRA) at risk, according to an analysis by Jefferies.
The report pointed out concerns over potential rollbacks in renewable energy support if Trump returns to office, particularly as Republicans are expected to take control of the Senate.
“The White House remains a toss-up, but a narrow Republican Senate win appears likely,” Jefferies stated.
In this scenario, former President Trump could attempt to reverse many of the IRA’s provisions, including incentives for renewable energy projects like solar and wind. However, the analysis pointed out that the divided nature of Congress would present significant legislative challenges to such efforts.
"A narrowly divided House could make it difficult for Trump to push through policy changes," Jefferies said. Conversely, a Harris victory would likely see the continuation, and possibly expansion, of IRA policies, though the Republican-controlled Senate would act as a check on more ambitious proposals.
“Harris could build on the IRA’s current framework, but the Senate composition would slow or alter any major initiatives,” the report said. The lack of a detailed policy agenda from either candidate, however, leaves much of the IRA’s future uncertain.
Jefferies also highlighted the growing partisan divide over renewable energy, noting that while some red states stand to benefit from IRA provisions, opposition from Republican lawmakers remains firm. “Nuclear energy is one area where bipartisan support may be possible, but resistance to solar and wind incentives persists,” the report noted.
The outcome of the 2024 election will be crucial in determining the direction of U.S. energy policy, with potential ramifications for both domestic energy markets and international relations, particularly concerning China’s involvement in IRA subsidies.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
Dominion Energy, National Grid pursuing pipeline sales
{Current column}(Reuters) -Utility firms Dominion Energy and (LON:) Plc are separately considering a potential sale ...
Read moreAsian stocks muted as Fed looms, China rallies on stimulus talk By
{Current column}-- Most Asian stocks kept to a tight range on Tuesday as markets awaited more cues from a Federal Re ...
Read morePutin tells Poland any aggression against Belarus is attack on Russia By Reuters
{Current column}MOSCOW (Reuters) -President Vladimir Putin on Friday accused NATO member Poland of having territoria ...
Read more
Popular Articles
- Banking Crisis Is How It Starts, Recession Is How It Ends
- 5 Huge Analyst Calls: Yelp surges on Goldman buy rating; Carvana slashed
- Dollar snaps two
- Oil prices rise on cooling US inflation, China trade data By Reuters
- Biden says Republicans manufacturing a crisis over debt limit By Reuters
- Wall St rises at open as investors assess bank earnings By Reuters
Latest articles
-
PacWest, Western Alliance shares slip as regional bank woes resume By
-
Fire breaks out at Dow Louisiana facility By Reuters
-
Russia suspends participation in Black Sea grain deal
-
Elon Musk launches AI firm xAI as he looks to take on OpenAI By Reuters
-
Foreign states start evacuations from Sudan as battle rages By Reuters
-
Netflix scraps cheapest ad