Trump promise to repeal Biden climate policies could cost US billions, report finds

Trump could stop in its tracks US’s emergence as clean energy superpower and forfeit billions in investment

The United States’s blossoming emergence as a clean energy superpower could be stopped in its tracks by Donald Trump, further empowering Chinese leadership and forfeiting tens of billions of dollars of investment to other countries, according to a new report.

Trump’s promise to repeal major climate policies passed during Joe Biden’s presidency threatens to push $80bn of investment to other countries and cost the US up to $50bn in lost exports, the analysis found, surrendering ground to China and other emerging powers in the race to build electric cars, batteries, solar and wind energy for the world.