The Implications of Trump's Second Presidency on the Energy Industry in the US

Donald Trump's second term as president, starting in 2025, is expected to prioritize fossil fuels in the energy industry, but coal may not see much growth due to economic challenges and limited access to capital. Investment in various energy sectors, including oil and gas, renewables, energy storage, and transmission, could increase due to growing demand and supply incentives, but potential policy changes such as protectionist trade measures and regulatory uncertainty could hinder new energy investment. Renewable energy already has support from powerful corporate champions and state policies, and its cost-competitiveness with gas and coal is expected to drive continued investment in the sector. However, political risk and changes in federal fiscal or monetary policy could deter investors from US energy and infrastructure projects.