Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
"Trump's Wind Power U-Turn Undermines Clean Energy Future"

"Trump's Wind Power U-Turn Undermines Clean Energy Future"

ainvest2025/08/29 21:03
By:Coin World

- Trump administration cancels $679M in offshore wind funding for 12 projects, including a $6.2B nearly completed wind farm, citing national security concerns. - Move triggers legal backlash and threatens $6.2B in investments, 8,000+ jobs, and grid reliability in renewable-dependent Northeast regions. - Analysts warn sudden reversals undermine investor confidence in clean energy, with inconsistent federal support risking U.S. climate goals and energy transition. - Renewable energy now supplies 40% of U.S.

The Trump administration has once again disrupted the offshore wind energy sector by canceling $679 million in federal funding for a dozen offshore projects, according to recent reports. This decision, attributed to broad "national security" concerns, has caused significant uncertainty and raised questions about the future of the industry [1]. The affected projects include the nearly completed Revolution Wind farm, valued at $6.2 billion, as well as others in Rhode Island, New York, and Idaho. Despite having received full federal approvals and made substantial progress toward completion, these projects have been abruptly halted without clear justification from the administration [1].

This move has triggered legal and political backlash from state leaders and energy developers, who argue that the action undermines investor confidence and threatens the U.S. clean energy transition. Analysts warn that such political interference in the early stages of project development could have lasting consequences, particularly for attracting capital to the renewable energy sector [1]. Michael Gerrard, director of the Sabin Center for Climate Change Law at Columbia University, emphasized that the decision sends a chilling message: “If you’ve gotten all your permits and spent billions of dollars, and even then they can pull the plug, well, who is going to want to put their money up?” [1].

The cancellation of these projects not only jeopardizes thousands of jobs and billions in clean energy investment but also poses risks to grid reliability in the Northeast, a region heavily reliant on renewable energy to meet its power needs [1]. Offshore wind, in particular, is a key component of the U.S. strategy to reduce carbon emissions and stabilize the power grid. These projects were expected to supply electricity to hundreds of thousands of homes and support domestic manufacturing and union jobs. The sudden reversal highlights the vulnerability of the sector to political shifts and raises concerns about the long-term stability of the U.S. clean energy market [1].

The decision also comes at a time when the broader renewable energy sector is experiencing significant growth. Wind and solar power accounted for more than 40 percent of U.S. electricity output in 2024, up from 28 percent nearly two decades earlier [2]. This growth is driven by declining costs, government incentives, and increasing demand for clean energy, particularly in states like Texas, which leads in both wind and solar production [2]. However, the lack of consistent federal support could hinder further development and strain the industry’s ability to scale up at the necessary pace.

While employment in renewable energy continues to rise, there are challenges in accurately measuring the workforce due to discrepancies in data collection methods. For example, the Bureau of Labor Statistics and the Department of Energy differ significantly in their assessments of jobs in the sector. The Department of Energy reported 125,000 jobs in the wind industry in 2022, compared to only 8,000 by the BLS, highlighting the need for more comprehensive and standardized data [2]. As the demand for electricity is projected to increase in the coming years, driven by AI, data centers, and electrification, ensuring an adequately trained labor force will be critical to supporting the expansion of renewable energy infrastructure [2].

Source:

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BullZilla's HODL Furnace: Could This Meme Coin Turn $1,500 Into $1.3M?

- BullZilla ($BZIL) presale starts at $0.00000575, with price automatically increasing every $100k raised or 48 hours. - HODL Furnace offers 70% annual yield for stakers, while Roar Burn mechanism permanently removes tokens at presale milestones. - Structured incentives and Ethereum's infrastructure position BullZilla as a hybrid meme coin with engineered scarcity and high-yield appeal. - A $1,500 investment could grow to $1.375M if token reaches projected $0.00527141 listing price, outperforming peers lik

ainvest2025/08/29 23:33
BullZilla's HODL Furnace: Could This Meme Coin Turn $1,500 Into $1.3M?

Bitcoin Treasury Models: Balancing Long-Term Conviction with Short-Term Risks in a Volatile Market

- Bitcoin treasury model disrupts corporate finance by allocating capital to Bitcoin as a strategic reserve, with firms like MicroStrategy and Marathon Digital leveraging debt/equity to boost Bitcoin-per-share ratios. - BTC-TCs generate "BTC yield" through premium share issuance and Bitcoin reinvestment, but face risks from prolonged bear markets, debt servicing challenges, and regulatory uncertainty. - Macroeconomic factors like inflation and fiat devaluation drive adoption, though high price-to-NAV multi

ainvest2025/08/29 23:30
Bitcoin Treasury Models: Balancing Long-Term Conviction with Short-Term Risks in a Volatile Market

The Case for a Fed Rate Cut and Its Implications for Risk Assets

- The Fed faces pressure to cut rates in September 2025 amid weakening labor markets (4.2% unemployment) and tariff-driven inflation (3.1% core CPI), with markets pricing in an 85% probability of a 25-basis-point reduction. - Large-cap growth stocks (Mag-7) and high-yield bonds (7.3% yield) are expected to outperform in a rate-cut environment, while value stocks and short-term fixed income face headwinds from capital shifting to long-duration assets. - Historical data shows S&P 500 returns of ~14.1% post-f

ainvest2025/08/29 23:30
The Case for a Fed Rate Cut and Its Implications for Risk Assets

Bitcoin's Critical $114K Threshold: A Make-or-Break Moment for Bullish Momentum

- Bitcoin's $114K threshold acts as crucial support/resistance, with a weekly close above it needed to avoid deeper correction risks. - Whale activity shows 500,000 BTC dumped in August, countered by institutional ETF buying but with slowing accumulation pace. - Technical indicators (Bollinger Bands, MACD) and liquidity walls highlight fragile consolidation, with $103K as key downside risk. - Market sentiment fluctuates between greed/neutral, amplified by Jackson Hole uncertainty and Ethereum's relative st

ainvest2025/08/29 23:30
Bitcoin's Critical $114K Threshold: A Make-or-Break Moment for Bullish Momentum