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Trump Plans Budget Cuts That Would Give China A Huge Gift In The Emerging Energy Economy

February 1, 2018

Via: Forbes

According to the Washington Post, the Trump administration is prepared to ask Congress for a massive reduction in the Department of Energy’s Energy Efficiency and Renewable Energy (EERE) programs, cutting these efforts by 72% for fiscal 2019. While the Post indicates that many cuts would likely be restored by Congress, this budget is a clear indication that President Trump and team completely fail to understand the significant transformation taking place in global energy markets, as well as the enormous economic potential that will be lost if the U.S. forfeits its leadership role in energy R&D.corriere

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