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May 31, 2026Energy PolicyOpen Access

Competing energy futures: Industrial policy, energy markets, and the global implications of Biden's IRA and Trump's 2025 fossil-fuel strategy

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Authors

SMStuart P. M. MackintoshTWThierry Warin

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Overview

Comparative analysis explores Biden's clean energy initiatives and Trump's fossil fuel orientation, suggesting implications for U.S. energy markets.

Key Points

  • This article analyzes the contrasting energy policies under Biden and Trump, focusing on their implications for clean energy and fossil fuels.
  • Comparative analysis of Biden's Inflation Reduction Act and Trump's 2025 budget
  • Examination of policy frameworks, investment flows, and market expectations
  • Assessment of early evidence from project pipelines and firm announcements
  • Deceleration in clean-energy deployments under Trump's policies
  • Expansion of fossil-fuel activities amid regulatory flexibilities
  • Significant uncertainty introduced into U.S. energy markets affecting future investments

Cite This Study

Mackintosh et al. (2026) studied this question.

synapsesocial.com/papers/6a1bd0155783ba022b6fbe95https://doi.org/10.1016/j.enpol.2026.115393
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