Donald Trump's Presidency Raises Concerns Over U.S. Climate Policy and Energy Transition
As Donald Trump prepares to take office as the President of the United States again, experts and activists express deep concerns regarding the future of American climate policy and the international climate agenda. Trump is expected to withdraw the U.S. from the Paris Climate Agreement once more, dismantle key climate programs, and strengthen the fossil fuel industry.
Recent data shows that the U.S. is not on track to meet its self-imposed climate goals. Currently, the U.S. ranks as the world's second-largest polluter, behind China, and emissions have seen only marginal reductions in the past year. Analysts from the Rhodium Group warn that achieving a 52% decrease in emissions by 2030—an ambitious target set during Joe Biden's administration—will be increasingly difficult under Trump's presidency.
The oil and gas industry anticipates significant benefits from Trump's leadership, as he plans to roll back Biden’s restrictions and push for new drilling permits. Trump's administration is expected to provide a boost to fossil fuel production, countering Biden's attempts to reduce reliance on coal and oil.
In contrast, clean energy initiatives may face significant setbacks. Trump's intention to repeal the Inflation Reduction Act, which supports renewable energy investments, could jeopardize financial incentives essential for the growth of green technology sectors. While some clean energy initiatives may attract bipartisan support, the overarching uncertainty risks delaying important investments.
As wildfires rage in California, exacerbated by climate change, the looming question remains: how will Trump's return impact not only domestic policy but global efforts to combat climate change?
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