The renewable energy outlook is taking a nosedive due to shifting policies in the US and China. Key points include:

• US Policy Shifts: Recent changes under the Trump administration have led to reduced support for renewable initiatives.
• China’s Auction Reforms: New auction strategies are affecting global solar and wind power growth.
• IEA Outlook Trims: The International Energy Agency is cutting its forecasts for US renewable energy growth.
• Global Surge: Despite these challenges, solar and wind power installations are on the rise.

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