Business bets mega US green bill will survive Trump resurgence

Lucas Baird, Aaron Weinman, Jessica Sier, Campbell Kwan, Matthew Cranston and Hans van Leeuwen

Jan 19, 2024 – 5.19pm

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US President Joe Biden’s flagship $US369 billion ($561.2 billion) clean energy policy will survive a second Trump administration, leading Australian business figures predict, because it has encouraged huge investment and jobs in critical Republican states.

After a record-breaking win in Iowa this week that tightened his grip on the Republican nomination, Donald Trump vowed “to drill, baby, drill” as speculation persists that he will dismantle the Inflation Reduction Act if he succeeds at the polls this year.

Lucas Baird is a journalist based in The Australian Financial Review's Sydney office.

Aaron Weinman was a correspondent at The Australian Financial Review.

Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics.

Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter.

Matthew Cranston was The Australian Financial Review’s United States correspondent.

Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.