Press release The Australian - Trump victory 'won't be bad' for Climate Tech despite his vow to end the 'green new scam'
Patrick Sieb and Tom Kline spoke with Jared Lynch from the Australian about how a potential Trump administration may impact the momentum of climate tech investments. Despite the headline-grabbing rhetoric around ending the "green new scam," many of the factors supporting climate tech resilience appear robust, driven by market forces, state-level policies, and private investment.
Here are some key takeaways:
- Policy Resilience: Not all policies can be easily unwound. Initiatives like production tax credits for renewables have bipartisan support and deep roots in the economy.
- Market Forces: Renewables, including wind and solar, are now cost-competitive with fossil fuels. This shift is driven by market dynamics rather than policy alone.
- Corporate Commitment: Leading companies, including Fortescue, Amazon, and Apple, are setting ambitious decarbonization targets and investing heavily to achieve them. This signals a strong commitment to climate tech, regardless (or in spite of) political leadership.
"Corporates are leaning in and taking action, irrespective of the policies... It’s about making them more profitable, de-risking their business, de-risking their supply chains.”
Climate tech is about more than emissions reduction—it’s a competitive edge in today’s market.
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