In this episode of Intersections, Bruce Jones and David Victor, co-chairs of the Cross-Brookings Initiative on Energy and Climate, examine the likely future of U.S. energy and climate policies under the Trump administration, the role of state-level actors and energy markets, and what happens if the U.S. walks away from the Paris agreement.
And Victor speculates about where energy policy might be forward-looking: “One of the real wild cards is how much spending will take place for energy innovation. We could see a small budget administration, which cuts spending on innovation way back – that seems like the most likely outcome – but when we look at past Republican administrations, and the bipartisan support for energy innovation, it’s actually quite plausible that we’ll see an expansion of spending on innovation. I think there’s a huge amount of uncertainty in that part of the energy equation that [the Department of Energy] has a big impact on.”
With thanks to audio producer Gaston Reboredo, Vanessa Sauter, Fred Dews, and Richard Fawal.
Intersections is part of the Brookings Podcast Network.
Ironically, the precise strength of the U.S. energy sector—that it is driven by the market and not by a government—also means that it is not a stick to beat people with.