Survival Struggle: America's Green Tech Startups Face Uncertainty Under Trump's Return
The Times10 hours ago
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Survival Struggle: America's Green Tech Startups Face Uncertainty Under Trump's Return

Green Technology
greentech
startups
climatechange
carboncapture
trump
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Summary:

  • Donald Trump's return to the White House has caused anxiety among green tech startups

  • A temporary freeze on $90 billion in federal support for climate technologies has been imposed

  • The future of an $85-a-tonne subsidy for carbon-capture technology is in question

  • Carbon Clean faces potential vaporization of its $1.5 billion US projects

  • Green tech startups are in a fight for survival amid political uncertainty

Donald Trump’s return to the White House has sent shockwaves through the green technology sector, particularly affecting startups like Carbon Clean, a London-based developer of carbon-capture systems. The company's CEO, Aniruddha Sharma, has expressed significant concern over the future of their $1.5 billion worth of US projects in development.

One of President Trump’s first actions was to impose a temporary freeze on over $90 billion in federal support for climate technologies. This move has raised alarms about the potential repeal of an $85-a-tonne subsidy for carbon-capture technology, a critical component of Carbon Clean's business model.

The uncertainty surrounding these subsidies and federal support has left many green tech startups in a precarious position, questioning their survival in a rapidly changing political landscape.

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