Australia: Trump win could be good news for Austra
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Posted On: 11/12/2024 11:33:21 AM
Australia: Trump win could be good news for Australian energy transition
https://www.afr.com/companies/energy/trump-wi...111-p5kpi1
Australian energy transition projects could get an unexpected boost under a second Trump administration, as any pullback in funding for the Inflation Reduction Act would help redirect capital back here.
Delegates at the Australian Financial Review Infrastructure Summit heard suggestions from several speakers that international investors could refocus their attention on other markets should the Biden administration’s subsidies for transition investments – estimated to worth more than $US1 trillion ($1.52 trillion) in total – be wound back.
“There’s an opportunity for Australia to potentially take advantage of the US being either distracted or turning away from renewable energy and energy transition, under what Trump has said,” said Citi’s head of power, utilities and infrastructure investment banking in Australia, Nick Forster.
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https://www.afr.com/companies/energy/trump-wi...111-p5kpi1
Australian energy transition projects could get an unexpected boost under a second Trump administration, as any pullback in funding for the Inflation Reduction Act would help redirect capital back here.
Delegates at the Australian Financial Review Infrastructure Summit heard suggestions from several speakers that international investors could refocus their attention on other markets should the Biden administration’s subsidies for transition investments – estimated to worth more than $US1 trillion ($1.52 trillion) in total – be wound back.
“There’s an opportunity for Australia to potentially take advantage of the US being either distracted or turning away from renewable energy and energy transition, under what Trump has said,” said Citi’s head of power, utilities and infrastructure investment banking in Australia, Nick Forster.
icymi
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