Infrastructure experts were asked to share their perspectives on what the results of the 2024 election will mean for the investment community. Here are their thoughts.
“We expect the combination of a Trump win and Republican control of Congress will lead to attempts to repeal various provisions of the Biden administration’s historically relevant climate legislation, the Inflation Reduction Act of 2022. However, we expect tax credits supporting onshore wind and solar investment — the most meaningful aspect of the legislation for listed infrastructure companies — will continue to be supported in any scenario. These policies have been in place for a long time and benefit from broad bipartisan support, and we believe the energy transition will continue to be an investible team for decades to come. Therefore, if Trump’s win and Republican control of Congress creates additional downward price pressure on stocks exposed to U.S. wind and solar development, this is likel