One of President Donald Trump's executive orders from his first week of post called for “Release American Energy“And making significant changes in US energy policy.
The document is doing around the face of many Biden era programs, trying to block the landmark Law on reducing inflationAnd calls for new fossil fuels pipelines, among other things.
“It's a lot of words, it's not very specific in certain areas,” he said Louis BesdworthCEO at the Law, Energy and Environmental Center at the University of California Berkeley.
The message shows a marked departure from the pressure of renewable energy from the Biden era. “It's this table tennis” in policy priorities, said Besdworth, which can be very destabilizing the industry.
But what can this executive order actually do and how will it affect you as a consumer? Here's what the experts say you need to look for.
What does the executive order for energy policy say?
Many, many things. Experts said these elements point out:
- The order aims to “encourage energy research and production of federal countries and water”. In general, “energy research” refers to digging and drilling for fossil fuels.
- It reveals many of President Oeo Biden's executive orders related to climate change.
- Interrupts “all activities, programs and operations related to American Climate Corps.
- It aims to make permission for pipelines for fossil fuels faster and easier.
- Immediately pauses all federal funds sent through the Law on Inflation Reduction.
Many of these measures rely on federal agencies, and in large part the executive order requires the agencies' heads to return in 60 or 90 days with an action plan. So, it remains to be seen what will actually change within the federal agencies, Besdworth said.
“Bee is a very challenge to follow all those pieces and understand, where did we land?” She said.
How much of this can make the executive order?
Executive orders look like powerful documents, but they have no power to change the law; It will require an act of congress. So, here's an overview of what the energy executive order can achieve:
What can the enforcement order for energy policy do?
| What can make the executive order | That cannot make the executive order |
|---|---|
| Pause some costs temporarily through the Law on Inflation Reduction, which supports electric vehicles and other clean energy and electrification technologies | Eliminate or permanently block funds from the Inflation Reduction Law |
| Finish Initiative for Justice 40that set a goal to send 40% of Federal Climate Programs to endangered communities | Eliminate or permanently block funds from the Law on Infrastructure Investments and Jobs |
| Discard Biden's executive orders related to climate and energy policy | Money to return money already scattered through IRA or IIA |
Some of these activities also carry the line of the executive, Besdworth said, which means: “Much of this, we will end up seeing in the courts.”
What does this mean to me as a consumer?
“If nothing else, it creates a lot of uncertainty,” Besdworth said.
The Inflation Reduction Act is particularly home to many consumer -level programs, including Tax credit as well Domestic energy loansthat give great discounts Solar panels And Heat pumps.
The executive order may pause funds distributed by the IRA, but cannot permanently block them without an act of Congress. Plus, many of the incentives for consumers are structured as tax incentives through IRS, not as direct funding from the government, so they are less likely to be affected.
Even if funding broadcasts remain in force, however, there will probably be less government access and education to help consumers access them. “After all you will see cooling, minimal, in the messages,” Besdworth said.
Of course, none of this prevents you as the consumer goes out and Buying EVFor example. “Technology is improving, the price is decreasing, so the ability to own EV is still there,” says Elaina Farnsworth, CEO of Skillfusion, who trains workers to build electrical infrastructure.
And if you already bought clean energy technology last year, like Solar panels for your homeand hope to ask for tax credit this year Tax seasonYou need to be safe: Experts say it is unlikely that Trump would interfere with the IRS in distributing those tax loans of 2024.