U.S. Energy Policy Shifts Post-2024 Election

The 2024 U.S. presidential election has led to significant shifts in energy policy, particularly with President-elect Donald Trump's appointments, which signal a focus on boosting fossil fuel production while acknowledging climate change concerns. Trump has named Chris Wright as the energy secretary and Doug Burgum as the interior secretary, suggesting a potential boost for the oil and gas industry, although some low-carbon sectors might also benefit. While Trump's administration plans to repeal incentives for renewables, experts predict the sector's long-term momentum will persist, given existing projects and tax credits spurring investment. Meanwhile, progressive governors in New York and New Jersey face challenges in transitioning to renewable energy, dealing with regulatory and logistical hurdles in their plans for hydroelectric and wind power. The ongoing energy transition in the Philippines emphasizes the need for a balanced mix of technologies to ensure sustainability, reliability, and affordability. These developments across different regions highlight the complex interplay between expanding energy production and addressing environmental impacts.