This initiative is expected to be implemented through a series of executive orders designed to expedite energy development, as reported by Politico. An official from the incoming administration revealed that Trump, soon to be the 47th president, is determined to tackle what he perceives as unnecessarily high energy costs, which he attributes to policy decisions. "The rationale for this national energy emergency is that high costs of energy are unnecessary. They are by design. It is a cause of policy. We can address that," the official stated in a briefing prior to Monday's inauguration.
According to Breitbart, this approach marks a significant departure from the strategies employed by outgoing President Joe Biden, who frequently invoked national emergency declarations and the Defense Production Act to enhance green energy production. Trump's executive orders are anticipated to focus on the development of critical minerals essential for manufacturing batteries and other advanced technological products. This strategy is seen as a means to diminish reliance on foreign nations, particularly China. The official emphasized the importance of these minerals, stating, "Critical minerals are so crucial to our national security. They are the building blocks of so much of our technology, and that’s incorporated within the definition of energy here and energy abundance and the natural resources that these executive orders will unlock again."
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The forthcoming executive actions are also expected to dismantle several Biden-era policies that promoted green energy and reduced fossil fuel development. This includes reversing vehicle fuel economy standards and eliminating energy efficiency mandates on consumer products like gas stoves and dishwashers. For example, one of Biden's regulations aimed to ensure that a majority of new cars sold in the United States are electric or hybrid vehicles by 2032.
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The debate over energy policy is further complicated by concerns about international competition. Democrats, such as Senator Ron Wyden of Oregon, have argued that the United States is engaged in a clean energy "arms race" with China. Treasury Secretary nominee Scott Bessent highlighted China's aggressive expansion of coal-fired power plants, noting, "Sen. Wyden, just so we can frame this for everyone in the room, China will build a 100 new coal plants this year. There is not a clean energy race, there is an energy race. China will build ten nuclear plants this year, that is not solar. I am in favor of building more nuclear plants and I would note that the IRA, as scored by the CBO, is wildly out of control of spending on the upside."
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Trump has made it clear that one of his primary objectives is to reduce gasoline prices within his first year in office. "The president is taking these actions as soon as possible here on day one so that we can lower prices as soon as possible for the American people," the official remarked. This ambitious plan underscores Trump's commitment to reshaping the nation's energy landscape, prioritizing energy independence and economic growth over environmental regulations.