Here's your Forbes Daily Briefing for Monday, November 18th.

Today on Forbes, why Trump 2.0 won't kill the Green Energy Revolution.

Don't overestimate the damage that President-elect Donald Trump's energy policy could do to the global green transition.

Yes, he has promised to undo the Democrats' 22

Inflation Reduction Act, or IRA, deriding it on the campaign trail as a, quote,

green new scam for its $500 billion in tax credits and other subsidies for renewable energy

projects. Clean tech companies and their backers understandably fear losing benefits like an investment

tax credit worth up to 30% or sometimes even 50% of a project's costs. And both environmental

groups and investors in clean energy stocks have reacted with alarm to Trump's triumph. But repeal

of the IRA is hardly a done deal, given that most of those projects have been

bringing jobs and investment dollars to Republican-held congressional districts.

Clean tech could even benefit from some other Trump policies, like cutting both the corporate

tax rate and red tape, including time-consuming environmental reviews that hold up the

siting of green projects and electricity transmission lines. And here's the most important reason

green energy should still thrive during Trump 2.0. The industry is past the point of liftoff.

Subsidies add extra rocket fuel and are important for the most novel technologies that

aren't yet commercial, but they aren't absolutely necessary for the Green Revolution to continue.

Economics, customers, and the surging demand for electricity, particularly from all the new

data centers being built to serve the needs of artificial intelligence, will continue

to drive the growth of alternative energy.

Over the weekend, President-elect Trump said he would nominate oil and gas executive and

CEO of Liberty Energy, Chris Wright, as Secretary of the Department of Energy.

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