US President Donald Trump’s aggressive use of tariffs on imports looks likely to have major impacts on the world economy and also therefore on energy and climate issues - although it’s too soon to say exactly what they will be. However, some immediate judgements were made on energy by consultants Wood Mackenzie , who told The New York Times that a 25% tariff on imports could raise the cost of building onshore wind turbines by 10% and renewable energy overall by 7% and many of the tariffs exceed 25%. And MIT said that it was all bad news for climate transition tech. That would seem doubly so since, although evidently not widely appreciated, the US levies don’t apply to fossil fuel products, coal, liquefied natural gas imports, crude oil (e.g. from Canada), and materials for making petrochemicals. And, also, interestingly, uranium and some nuclear materials imports. These energy exemptions are a big concession, but they are bad for renewables, although...
Weekly update to Renew On Line bimonthly newsletter: https://renewnatta.wordpress.com