The US and global economies are at a turning point. After a few years of the Biden administration going big on an “all-of-the-above” approach to the technologies that could be used for the energy transition, the second Trump administration has taken more of a “picking-winners-and-losers” approach, with nuclear in the former category and solar in the latter. But the rest of the world is not standing still, with countries like China continuing to leap ahead on a wide range of decarbonizing technologies.