The election of President Donald Trump in November created uncertainty for alternative energy investors due to his anti-environmental, pro-coal stance. His election puts the main alternative energy policies in the United States, such as the Investment Tax Credit (ITC) for solar installations, Production Tax Credit (PTC) for wind installations and the Clean Power Plan (CPP), at risk. Recently, his anti-environmental stance was put in to action with an executive order to dismantle environmental protections.
The Chinese leadership is now promising “to make our skies blue again” in a popular move to address an issue that has given rise to public protests across China against the industrial smog that blights so many cities. The solution to a pressing economic problem is now linked to an emotive popular issue.