Document summary
With a Republican controlled House of Representatives significant change in approach to US energy policy for at least the next two years can be expected. There may be more resistance to renewable energy incentives in a constrained budget environment. Attention is likely to focus on expanding natural gas usage. Deutsche Bank’s key finding is that a switch by the US electricity sector from coal to natural gas would be the most secure, least cost approach to lower emissions. Combined with further renewables and nuclear deployment would involve reducing coal’s share of energy generation from 47% currently to 22% by 2030.