Goldman analysts Brian Singer, Brendan Corbett, and others noted that despite President Trump's executive order freezing all Inflation Reduction Act funding disbursements, they remain "bullish on multiple sustainable themes" because of corporate/consumer/policymaker/regulator priority:

Reliability of energy, power and water supply.

Efficiency innovation towards energy, land and resource use. AI/Data Center power demand growth and willingness by Big Tech/hyperscalers to pay Green Reliability Premiums in support of nuclear generation and multiple other Clean Reliable virtual/on-site power sourcing.

Increased embrace by Sustainable Investors of the need for AI and Automation to fill rising labor challenges accelerated by aging populations in developed economies with tailwinds for Reskilling/Education/Womenomics stocks.

The team of analysts noted a convergence of multiple drivers impacting Sustainable Investing themes and the broader US economy in 2025 that only provides tailwinds for other themes, including "Reliability, Efficiency, AI/Automation, Training/Reskilling, Womenomics, and Affordability/Access. " 

They see tailwinds for Green Capex to support growth and infrastructure modernization... 

The analysts next provided a breakdown of President Trump's executive orders related to energy and AI announced last week:

In the first days of the new US Administration, President Trump issued executive orders declaring a National Energy Emergency, reviewing wind energy permitting and promoting affordable/reliable energy and domestic natural resources.

What was broadly consistent with our prior reports. Much of the policy and priorities were in-line with discussions in Washington in October, our post-election outlook and our 2025 outlook, in particular regarding:

Prioritizing acceleration of permitting processes for US energy/power/minerals development.

De-emphasis on EVs and offshore wind.

Suspension of further IRA loans/grants.

Broad support for nuclear.

Broad support for infrastructure/AI/data centers.