Trump clean energy rollbacks erase $68B in US investment

Key Points:

• The Trump administration’s rollback of clean energy policies has resulted in the loss of nearly 470,000 jobs and $68 billion in private investment in the US renewables sector, according to a report by E2 and BW Research.
• Since January 2025, 216 large-scale clean energy projects have been canceled, closed, or scaled back, leading to a projected loss of over $90 billion in GDP during construction and $55 billion annually once operational.
• The cancellations have caused significant job losses, especially in battery storage (42,000 construction jobs lost) and electric vehicle (EV) manufacturing (255,000 permanent jobs lost), alongside reductions in solar and wind projects.
• The report highlights missed tax revenues for federal, state, and local governments totaling nearly $20 billion from construction and $12 billion annually, as well as lost economic benefits to local economies and suppliers.
• These setbacks come amid rising electricity demand driven by AI data centers and electrification, with canceled projects representing enough capacity to power about 3 million homes, equivalent to all households in Massachusetts.