Against all odds, Donald Trump is going to be the next president of the USA. What does this mean for the global development of renewable energy? After all, he claimed that climate change is a hoax created by the Chinese, and he promised to abolish the Clean Power Plan, cut subsidies for wind and solar and support non-renewable sources of energy. But there are two reasons for me to believe that the development of renewable energy will continue: 1. It’s economics, not governmental regulations or subsidies that drive clean energy today The U.S. Energy Information Agency has analyzed that “new coal-fired generation plants are not economically competitive with renewables and other generation sources, as reflected by the near absence of new coal capacity additions over the 2015-40 period, even without an assumed extension of tax credits for renewables.” Accordingly, wind and solar have been the two biggest sources...
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