Trump is set to declare a state of emergency in the energy sector, according to Bloomberg.

Elected President Donald Trump is prepared to invoke emergency powers as part of his plan to boost domestic energy production. He intends to reverse President Joe Biden's decisions aimed at combating climate change.

This is reported by Bloomberg.

According to the publication, citing its own sources, this action is expected to be one of several steps Trump will take within hours of his inauguration on January 20 to fulfill campaign promises related to increasing domestic energy production.

It is noted that the elected president is ready to implement political changes that will facilitate the exploration of new oil and gas reserves on federal lands, while simultaneously aiming to eliminate the climate regulations established during the Biden administration.

Although many executive actions merely initiate a lengthy regulatory process, they are expected to encompass the entire spectrum of the U.S. energy sector—from oilfields to car dealerships. These actions also indicate Trump's intention to shift federal policy towards the development of oil and gas extraction, representing a sharp departure from Biden's efforts to limit fossil fuel use.

Media reports indicate that it remains unclear how the energy emergency will be enacted, although the president may utilize special powers for the transportation of crude oil and apply them to regulate electricity production and distribution processes.

During the campaign, Trump promised to declare a state of emergency in the energy sector, arguing that it is necessary to increase production to meet the growing demand driven by the rapid development of artificial intelligence.

"We are going to use our emergency powers to allow countries, entrepreneurs, and people with deep pockets to build large factories, AI plants," Trump stated on January 19 during a speech at Capital One Arena. "We need twice as much energy as we already have, and eventually, there will be more," he asserted.

Background. Earlier, Mind reported that elected U.S. President Donald Trump promised to end the war in Ukraine and prevent a Third World War, stating that he and his team are very close to achieving this.