“Drill, baby, drill!” encapsulates Trump’s energy policies for a potential second term as President, focusing on increased drilling to combat inflation and boost the economy with oil.

Trump’s victory in the election boosted US equities but caused clean energy stocks to drop worldwide.

The WilderHill Clean Energy Index saw a 6.7% drop, its biggest loss since August, while European clean energy stocks also fell.

On his first day in office, Trump plans to cancel offshore wind projects and reverse climate policies like the Paris Agreement and the Inflation Reduction Act.

According to Harvard and Columbia Law School research, Trump rolled back or reversed hundreds of environmental regulations during his first term.

During his first term, Trump’s rollback of environmental rules included air pollution limits, water pollution protections, and emissions regulations.

The World Resources Institute predicts 11 climate setbacks under Trump 2.0, including a halt to new climate policies and reduced funding for climate agencies like the EPA.

The Biden administration’s Justice40 initiative, which benefits disadvantaged communities, may be dismantled.

Other expected setbacks include withdrawal from the Paris Agreement, curbed environmental protections, and reduced support for green energy.

Experts believe the climate energy boom will slow but continue partially despite these setbacks.

Efforts to restrict financing for foreign oil projects and support green energy initiatives are gaining momentum before Trump’s return.

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