European clean energy stocks tumble as Trump wins US presidency
COPENHAGEN (Reuters) -Shares in European clean energy groups plummeted on Wednesday after Donald Trump was elected president of the United States, as investors fretted over a potential dismantling of U.S. support for renewables and climate policy. Trump had vowed to scrap offshore wind projects through an executive order on his first day in office and to roll back climate regulations implemented under President Joe Biden. That includes leaving the Paris Agreement, under which countries pledge to limit global warming, and potentially undoing Biden's flagship Inflation Reduction Act, which provides massive subsidies and incentives to clean energy technologies.