Trump Win Heralds Halt Ahead on US Climate Policy

“Provided political leaders globally maintain their commitment to action, these tailwinds mean we should be able to ride through the turbulence that a climate skeptic in the White House could bring”, said Bill Hare, CEO of Climate Analytics.

“We demand an immediate halt to USA funding for the U.N.’s Framework Convention on Climate Change (UNFCCC) in accordance with the 1994 Foreign Relations Authorization Act”.

And, divisive as “climate change” has proven, Americans overwhelmingly agree that they want more renewable energy.

United Nations delegates who’ve worked for years to craft a global climate treaty were “stunned” at Trump’s victory.

Throughout his campaign, Trump said he would abandon or renegotiate the Paris Climate Agreement, a non-binding accord to reduce carbon dioxide emissions and signed by almost 200 nations.

While using executive orders helped the USA take steps on climate, it also means that the next president can take steps backwards.

Exactly what Trump will do about this is unclear, but investors on Wednesday were quick to anticipate possible reductions in tax breaks for wind and solar.

During his campaign, Donald Trump called climate change a hoax.

“Young people are driving a lot of the clean energy innovation, and when you analyze the younger vote, it wasn’t well represented (on election day)”.

Will Trump as President Make America’s Coal Industry Great Again?

In the pledges on regulation, Mr Trump’s campaign website states that, as President, he will “scrap the EPA’s so-called Clean Power Plan”.

However, it’s the future energy innovations and still immature sectors that still need government support that will suffer-whether that’s the budding us offshore wind industry or the budget for new energy research and development.

President-elect Donald Trump mocked climate change as a candidate, and as president he plans to halt US participation in the global efforts to reduce carbon emissions, and to ramp up production and use of the fuels that are driving the shift in climate worldwide. “Let’s hope that the responsibility of the office takes hold, and his obligations to current and future generations register once he has power”.

Wind energy has strong support among Republicans as well as Democrats. “The fight for clean air, environmental justice, and climate solutions will go on regardless”.

“We saw prices rally sharply in Asian trading when the news started to filter through, but we seem to have come to terms with the idea fairly quickly”, said Adrien Biondi, the global head of precious metals at Commerzbank AG in Luxembourg. It remains to be seen if there is room for green energy in that revolution, too. A challenge to that plan by 27 states and more than a dozen industry groups is before a federal appeals court. Ebell has called the Clean Power Plan “illegal” and has said joining the Paris agreement is “unconstitutional”. While he can’t cancel it for the rest of the world, he can pull the USA out of it through a couple of avenues or ignore it, undermining the whole agreement. For example, some Republicans have long wanted to stop NASA’s role in studying earth science and climate change – a key contribution to scientific understanding of the issue that helps drive policy decisions. Trump has relied so far on the advice of Harold Hamm, the founder and chief executive officer of Continental Resources Inc., one of America’s largest shale oil producers.

S&P Global Platts released a statement that said many factors beyond government control affect the demand for energy and its prices. He’s also a climate denier. His 100-day action plan for climate and energy includes scrapping Obama’s Climate Action Plan, stopping payments of U.S. tax dollars to United Nations global warming programs as well as “cancelling” the Paris deal.