The status of the US as an “innovative and exciting” energy market for low-carbon and fossil fuels is assured, even if the “flavour of the stimulation” to that market will likely change with Donald Trump winning the US presidency for the Republican party.
Andrew Beard, President for Hydrogen at the energy giant Shell, shared his assessment at the Wood Mackenzie Hydrogen Conference 2024 in London this week, adding, “There is a mandate for change, but what kind of change? That remains uncertain.”
The political switchover in the US will delay projects, said Beard, but would not see the Inflation Reduction Act (IRA) repealed, he suggested.
“I think IRA has lots of bipartisan support [and] … it has brought a lot of investment,” Beard said. “Some elements may go or change in some way, creating some different mechanisms and an altered future. But there won’t be support to undermine what has been developed. I’m expecting a constructive dialogue to begin very soon.”
... to continue reading you must be subscribed
