Trumponomics: Will Trump’s bill trigger a ‘Big, Beautiful’ energy crunch?

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 14 July 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, we explore how the legislation’s attack on renewable energy may push up electricity bills and damage US competitiveness in AI.

The tax credits in President Joe Biden’s sprawling Inflation Reduction Act were introduced to help the US keep up with rising electricity demand by making clean power sources cheaper. But now the big bill has changed all that, and an executive order issued days after its passage suggests his war on renewables isn’t over yet.

Joining host Stephanie Flanders to discuss this dramatic turn of events are guests Ethan Zindler, head of country and policy research at BloombergNEF and previously climate counselor to US Treasury Secretary Janet Yellen, and Bloomberg lobbying and influence reporter Emily Birnbaum.

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Transcript

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0:00.0	The data that matters for your investments.
0:02.7	Shares the banks across the border gaining and analysis on the companies making news on Wall Street.
0:08.1	Invidia, once again, the top dog.
0:10.1	Tesla's really taking a hit this morning.
0:11.9	Listen to the Stock Movers report from Bloomberg.
0:14.8	Wind and solar stocks on the move.
0:17.1	It's your short audio report on the day's winners and losers in the stock market.
0:21.3	The biggest one-day decline since 2010.
0:24.2	Subscribe to the Stock Movers Report on Apple Podcasts, Spotify, or wherever you listen.
0:30.2	Hi, it's Akshad.
0:31.7	The U.S. Congress has passed President Donald Trump's one big, beautiful bill,
0:36.3	and it has huge implications for America's
0:38.7	climate goals and growing energy needs. Later this week, Zero will host Jigersha, who used to be the head
0:45.3	of the U.S. Department of Energy's loan programs office to understand how the bill will affect
0:51.2	the clean energy industry. But there's a lot to unpack in this new legislation.
0:56.2	So today we are sharing a bonus episode from our sister podcast, Trumponomics.
1:01.0	It's hosted by Bloomberg's head of government and economics, Stephanie Flanders, and she
1:05.4	is in conversation with Bloomberg NEF's Ethan Zindler and Bloomberg lobbying and influence reporter, Emily Burnbaum.
1:12.9	It's a good listen.
1:16.8	Bloomberg Audio Studios, Podcasts Radio News.
1:22.1	This is not the death of the U.S. renewable energy industry in the United States,
1:26.5	but it is a major setback.
	...

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