Energy Department Cuts Two Major Clean-Energy Offices
NegativeFinancial Markets

- The Trump administration has cut funding and support for renewable energy projects, resulting in the closure of two key clean-energy offices in the Energy Department. This decision underscores a shift in federal priorities regarding climate initiatives.
- The reduction in support for renewable energy is critical as it may hinder progress towards achieving climate goals and affect the overall growth of the sector, which has already faced challenges during this administration.
- Despite these cuts, global investment in renewable energy has shown resilience, with a reported 10% increase in 2024, indicating a potential shift towards a more stable investment landscape in the sector, even amid regulatory challenges.
— via World Pulse Now AI Editorial System


