“Renewable energy sources displace affordable, reliable, dispatchable domestic energy sources, jeopardize the electric grid infrastructure and spoil the beauty of the U.S. natural landscape,” neftegaz.ru quotes the American president’s argumentation.
The title of the document attracts attention: “On ending subsidies to unreliable energy sources under foreign control, which leads to market distortion”.
Trump’s decree is not just aimed at ending state subsidies for wind and solar power plants, but also outlines new vectors of the US energy policy.
Among the arguments contained in the document is the following: “dependence on so-called green subsidies threatens national security by making the United States dependent on supply chains controlled by foreign adversaries.
Underneath this wording lies the US unwillingness to depend on supplies of equipment and materials for renewable energy, primarily rare-earth metals. The key supplier of these metals is China, which has recently tightened its export policy.
With his executive order, Trump ordered the US Treasury Department to take all actions it deems necessary and expedient within 45 days to ensure the termination of the green power generation incentives and investment tax credits for renewable energy sources.
This decision by Donald Trump fits in with his efforts to consistently dismantle previous President Joe Biden’s Green Deal mechanisms. Earlier, the current American president eliminated measures to subsidize the production of electric vehicles, batteries and solar panels, introduced by his predecessor as part of the Inflation Reduction Act.
In general, Donald Trump called Biden’s Green New Deal policy nothing less than a “Green New Scam” (Green New Scam).
