Trump’s Return Is Set to Revive Investment in Climate Startups
The president-elect’s hostility to climate tech has venture capitalists already thinking about how to step in and buoy the sector.
President-Elect Donald Trump may curtail federal spending on climate tech but venture capital is poised to see a resurgence.
Photographer: Emily Elconin/BloombergPresident-Elect Donald Trump has made clear he plans to kill or undercut many clean energy incentives. Yet the prospect of less federal support for new climate technologies is already motivating some investors to step in to fill the void.
The climate tech sector, ranging from carbon capture to green hydrogen, has benefited widely from generous federal tax incentives, loans and grants for the past few years. With the fate of those funding sources now in flux, investors are dusting off the Trump 1.0 playbook.