Inc.: "The Government Wants These Clean Tech Companies to Die. Their Founders Say: Not So Fast"

by Chloe Aiello

Columbia Business School climate economist Gernot Wagner characterizes the Biden-era DOE as making a “good faith, rational” effort—if not a perfect one—to fund investments that maximize societal benefit and minimize costs. One example of that is policies that make polluting more expensive.

“At the moment, what we see is erratic and vindictive,” he says, adding that many of the climate-related projects losing funding under Trump have the potential to deliver on the administration’s stated goals of promoting domestic manufacturing, infrastructure development, energy independence, and job growth.

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The trend is clear. So are the challenges. One key task is to de-risk capital investments to lower costs. This is where public climate finance must play its most critical role – not as charity, but as leverage.

25 Jul 26