The Trump Administration's Shift in Energy Policy: Implications for Fossil Fuels vs. Renewable Energy Markets
- Trump’s energy policies (2017–2021) prioritized fossil fuels via deregulation, Paris Agreement withdrawal, and renewable tariffs, boosting oil/gas output to 13.1M bpd by 2020.
- Fossil fuels gained $301B in 2022 profits, while renewables faced 36% investment decline in 2025 due to policy instability but maintained 90% of new energy capacity growth.
- Investors shifted toward renewables despite Trump-era rollbacks, with green hydrogen and storage emerging as key sectors, supported by Biden’s $400B IRA subsidies.
- State mandates and tech cost declines sustained renewable growth, highlighting sector resilience amid federal policy volatility and long-term energy transition trends.