Trump's Energy Policies Fuel Rising Costs and Economic Risks in Texas

1 min read
Source: Bloomberg.com
Trump's Energy Policies Fuel Rising Costs and Economic Risks in Texas
Photo: Bloomberg.com
TL;DR Summary

The article discusses how recent Trump policies, which cut tax credits for renewable energy projects starting in 2028, threaten Texas's ability to meet its rapidly increasing power demand driven by economic growth and new data centers. The reduction in incentives is likely to slow the expansion of solar and wind capacity, leading to higher electricity costs and potential economic impacts, as Texas struggles to build enough gas plants amid global supply shortages.

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