The US Election Has Climate Tech Investors in Wait-and-See Mode
Capital has stalled as financers and founders confront the prospect of a second Trump presidency and its impact on carbon-cutting technologies.
Former US President Donald Trump and US Vice President Kamala Harris on screen during the second presidential debate.
Photographer: Hannah Beier/BloombergClean technology investors and companies are making contingency plans as they wait to see how the US election plays out. Former President Donald Trump and Vice President Kamala Harris couldn’t have more different approaches to climate.
While Harris hasn’t spent much time touting the issue on the campaign trail, she’s expected to protect President Joe Biden’s accomplishments and follow through on priorities like limiting emissions from power plants. Trump has pledged to rescind unspent funds from the Inflation Reduction Act, the Biden administration’s signature climate law with hundreds of billions of dollars in tax credits and incentives for carbon-cutting projects.