On energy and climate, Trump and Harris are different by degrees
Green subsidies will probably survive Mr Trump’s re-election, and Big Oil will probably do just fine under Ms Harris
The next president will inherit the most ambitious climate policies in American history. Under Joe Biden a trio of laws—the CHIPS and Science Act, the Bipartisan Infrastructure Law and especially the Inflation Reduction Act (IRA)—have put in place a sweeping industrial policy that seeks to subsidise an ambitious decarbonisation of the economy. Left-wingers, who think the investments are not ambitious enough, hope that a President Kamala Harris will go further. Conservatives are confident a re-elected President Donald Trump will tear it all down.
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This article appeared in the United States section of the print edition under the headline “Different by degrees”
United States October 12th 2024
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From the October 12th 2024 edition
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