Christian Rom, Lead Portfolio Manager for DNB Fund Renewable Energy at DNB Asset Management, shares insights on the potential effects of the U.S. election on renewable energy, inflation, and interest rate trends. Here’s what the sector can expect under renewed Republican influence.
With Donald Trump’s victory and likely Republican control in Congress, two key issues are in focus for the renewable energy sector: the future of the Inflation Reduction Act (IRA) and potential shifts in inflation and interest rate policies. For now, substantial changes to the IRA seem unlikely. The act has notably driven investments and job growth, particularly in Republican-led states, earning support from some GOP lawmakers. Even during Trump's previous term, the sector performed well, showing bipartisan support for renewable...