Core Viewpoint - The current U.S. energy policy under the government has shifted focus towards traditional energy sources, particularly oil and gas drilling, while significantly reducing support for the clean energy sector, marking an end to the previous era of clean energy growth [1][2]. Group 1: Policy Changes - The Trump administration's energy policy aims to terminate the "Green New Deal" and revive traditional energy industries, especially oil and gas production [1]. - A series of executive orders were signed to roll back climate change initiatives, including the cancellation of significant environmental regulations and halting funding for clean energy projects [1][2]. - The "Big and Beautiful" tax and spending bill signed in July 2025 eliminated various clean energy incentives, signaling a systemic shift in U.S. energy policy [1]. Group 2: Impact on Clean Energy Sector - The clean energy sector, once thriving, is now struggling due to the abrupt policy changes, with many projects facing delays or cancellations [2]. - Over half of the nearly $30 billion clean technology projects planned for 2025 are at risk of being postponed or scrapped [2]. - Standard & Poor's Global Insights predicts that the "Big and Beautiful" bill could lead to a 20% reduction in clean energy projects in the next decade [2]. Group 3: Historical Context - The current situation mirrors past energy policy shifts, such as the termination of solar initiatives under President Reagan after Carter's promotion of renewable energy [3]. - Historical patterns indicate that U.S. energy policy often lacks continuity, leading to wasted investments across different administrations [3]. Group 4: Supply and Demand Challenges - The supply side faces challenges due to the long construction cycles and slow returns on investment for fossil fuel infrastructure, with drilling activity at a four-year low [4]. - On the demand side, the rapid growth of the artificial intelligence sector is expected to increase electricity consumption significantly, putting additional pressure on the energy supply [5]. Group 5: Broader Implications - The shift in energy policy is likely to hinder the transition to clean energy, with solar and wind industries being the biggest losers [6]. - Predictions indicate that the removal of clean energy subsidies will lead to a rise in electricity prices, with wholesale prices expected to increase by 25% by 2030 and 74% by 2035 [6]. - The reversal of U.S. energy policy undermines global climate governance efforts, potentially jeopardizing international climate agreements [7].

Core Viewpoint - The "Big and Beautiful" Act signed by Trump is seen as a significant shift in U.S. energy policy, favoring fossil fuels over renewable energy, which may have devastating effects on clean energy development and the U.S.'s international climate responsibilities [1][3][12]. Group 1: Policy Changes - The "Big and Beautiful" Act effectively repeals or undermines much of the Biden administration's Inflation Reduction Act, particularly in terms of clean energy support [1][3]. - The Act prioritizes fossil fuels, reduces regulations, and limits support for renewable energy, marking a systematic shift in energy policy [3][4]. - Solar and wind energy sectors are identified as the biggest losers under the new law, with tax credits for new projects being significantly restricted [3][4]. Group 2: Industry Reactions - Traditional fossil fuel industries have welcomed the Act, viewing it as transformative legislation that addresses their priorities [4][5]. - Critics argue that the Act will lead to higher energy costs and weaken the U.S. automotive industry, while proponents claim it will lower energy prices by increasing domestic production [5][4]. Group 3: Historical Context - The U.S. has a long history of inconsistent energy policies, often influenced by political changes and various interest groups, leading to a lack of coherent long-term strategy [6][9]. - Previous administrations have oscillated between promoting renewable energy and supporting fossil fuels, with significant policy reversals occurring with each change in leadership [8][9]. Group 4: International Implications - The Act is seen as a step back from global climate commitments, potentially damaging the U.S.'s international image and its ability to compete in the clean energy sector [12][10]. - Allies have expressed concerns over U.S. energy policies, particularly regarding trade discrimination and the potential for increased competition for investments [10][11]. Group 5: Future Outlook - Despite the federal shift, individual states may continue to support clean energy initiatives based on their specific industry needs, indicating a potential divergence in energy policy at the state level [13].