Market
What will be the change in U.S. energy policy focus by end of 2025?
2
Senate•Scott Bessent•Donald Trump•Ron Wyden•China•Bessent•Inflation Reduction Act•IRA•Congressional Budget Office•CBO
Resolution / Starting Odds
Increase in clean energy focus • 25%
Increase in fossil fuel focus • 25%
Balanced approach • 25%
No significant change • 25%
U.S. government energy policy announcements and Congressional records
Story
Trump's Treasury Nominee Bessent: China's 100 Coal Plants Show Energy Race, Not Clean Energy
Jan 16, 2025, 05:08 PM
During a Senate hearing, Scott Bessent, Donald Trump's nominee for Treasury Secretary, challenged Senator Ron Wyden's assertion that the U.S. is engaged in a "clean energy arms race" with China. Bessent highlighted that China plans to construct 100 new coal plants this year, emphasizing that the competition is not about clean energy but rather an overall energy race. He also mentioned China's plans to build ten nuclear plants, further underscoring the difference in energy strategies between the two nations. Bessent's comments suggest a critique of the Inflation Reduction Act (IRA), noting its significant spending on what he perceives as an over-emphasized clean energy initiative, as scored by the Congressional Budget Office (CBO).
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LNG Expansion • 25%
Nuclear Energy • 25%
Renewable Energy • 25%
Nuclear Energy Development • 25%
Fossil Fuel Expansion • 25%
Renewable Energy Investment • 25%
Energy Independence • 25%
Nuclear • 25%
Other • 25%
Solar • 25%
Fossil Fuels • 25%
No significant change • 25%
Increase in fossil fuels • 25%
Increase in renewables • 25%
Increase in nuclear • 25%
Introduction of new climate policies • 25%
No significant policy changes • 25%
Rollback of existing climate policies • 25%
Increase in fossil fuel incentives • 25%
Renewable Energy • 25%
Oil and Natural Gas • 25%
Nuclear Power • 25%
Geothermal Energy • 25%
Increase renewable energy projects • 25%
Increase fossil fuel production • 25%
Other • 25%
Maintain current policy • 25%
No • 50%
Yes • 50%
Other energy sources • 25%
Oil production • 25%
Natural gas production • 25%
Nuclear energy • 25%
Increase imports from Middle East • 25%
Increase imports from Africa • 25%
Other • 25%
Increase imports from Canada • 25%
Balanced approach with both renewables and fossil fuels • 25%
Expansion of North Sea oil and gas • 25%
Decarbonization and renewable energy • 25%
Other • 25%
Increased reliance on renewable energy • 25%
New energy import agreements • 25%
Increased energy storage capacity • 25%
No major changes • 25%