Former prime minister Malcolm Turnbull is hopeful the US Inflation Reduction Act will be able to weather a second Trump administration given the powerful momentum now behind the clean energy transition.
But he has warned that Mr Trump’s track record means there is every possibility that the billionaire and former US president will do even more of “what he says on the campaign trail” in government.
Mr Trump is reportedly considering a radical overhaul of US climate and energy policy if he wins government in November that is expected to include a significant curtailing of the IRA to maximise fossil fuel production.
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