The Republican-backed energy bill, recently passed by Congress, promises significant changes for the American energy landscape. Spearheaded by President Trump, the legislation looks to diminish tax incentives for wind, solar power, and electric vehicles while preserving federal backing for fossil fuels, nuclear energy, and geothermal plants.

While the bill could streamline operations for traditional energy sources, it also dismantles crucial measures taken to combat climate change, even amidst mounting scientific warnings about climate-related disasters like wildfires and floods.

Despite concerns, there are still questions about how these changes will affect the market. For instance, solar farms could continue to develop without federal support, though they might become pricier and more reliant on Chinese-made components. Meanwhile, areas like carbon capture technology may face challenges despite increased government favoritism.

Here's the scoop on who wins and who loses with this new energy bill, which is pending President Trump's signature.

**Winners and Losers:**
**Loser:** Wind and solar industries are set to feel the brunt of the changes as tax credits will be phased out quickly. Experts predict these sectors may shrink but likely won't disappear entirely.

As opinions vary on the bill's long-term impact, the future of American energy could look quite different in the months to come.