private sector

The newly-promised money is expected to come from government grants and the private sector - banks and businesses - and should help countries move away from fossil fuel power to using renewable energy.

“The green transformation is very much being led by China - not necessarily the government, but its private sector and companies”.

“Employees whose positions are eliminated deserve to be treated with respect,” Mr. Musk and Mr. Ramaswamy wrote in The Journal, adding that the efficiency department would “help support their transition into the private sector.”

Trump has said there's no price tag so there is already a tremendous amount of activity taking place in the private sector, with private prison and airplane businesses gearing up for some major government contracts.

The council will oversee “the path to US energy dominance by cutting red tape, enhancing private sector investments across all sectors of the Economy,” Trump said.