Milbank LLP Project, Energy and Infrastructure Finance partner Allan Marks is the featured guest on a recent episode of Crossroads: The Infrastructure Podcast where he discusses how the 2024 election could shape growth in the US energy sector and especially the role of renewables. Mr. Marks shares his perspectives on how the next US President could affect the legislative agenda, federal agencies and their approach to the energy transition.
“Differences in politics and policy will take on heightened importance between now and November for many investors in the energy sector, as in the broader economy, with some investments accelerated and others stalled given the uncertain election outcome,” says Mr. Marks. “Even if every provision of the Inflation Reduction Act stays intact, there's still a large question mark over how the government would function, what the government’s policies would be from the regulatory side and from an enforcement side, and you would have to see how that plays out. If elected, a President Harris would champion clean energy and decarbonization. If re-elected, President Trump has committed to expanded fossil fuel production. But it’s more complicated than that.”
