Trump withdraws from Paris Agreement, vows to end Green New Deal and boost fossil fuels.
On Monday, after completing the inauguration ceremony, U.S. President Donald Trump swiftly announced that the United States would once again withdraw from the Paris Climate Agreement. This landmark international agreement aims to promote global emission reductions and combat climate change. However, Trump's choice to withdraw signifies the world's largest economy stepping back from the international fight against climate change once more. Trump had previously withdrawn from the agreement during his first term, only for it to be reinstated by the Biden administration. This decision was widely anticipated, but the White House provided detailed explanations within an hour of Trump taking the oath of office, highlighting his determination to swiftly reform U.S. energy and climate policies. Comprehensive Shift in Climate Policy Trump's energy policy aims to lift restrictions on the fossil fuel industry, stimulating the production and export of oil, natural gas, and coal. His decision has garnered significant international attention, particularly against the backdrop of global consensus on climate change, and the U.S. withdrawal may impact international efforts. The Importance of the Paris Climate Agreement Trump argues that the agreement negatively impacts the U.S. economy and jobs, emphasizing that he will prioritize protecting American interests. He stated, “The Paris Climate Agreement sacrificed the prosperity of the American economy, and I will take steps to protect our jobs and energy industry.” Criticism and Support The Next Steps in the Reform Plan In his inaugural address, Trump emphasized, “Our actions will restore America's energy independence, and we will no longer be bound by imposed international treaties. The United States will prioritize the development of its economy and energy industry.” The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
During his campaign, Trump promised to realign climate policy, shifting focus from reducing carbon emissions to supporting fossil fuel production. In his inaugural address, he clearly stated that his first-day actions would “end the Green New Deal” and steer U.S. climate policy towards economic growth and energy independence.
Adopted in 2015, the Paris Climate Agreement aims to limit the global temperature rise to below 1.5 degrees Celsius through international cooperation. As one of the world's largest carbon emitters, the U.S.'s participation and withdrawal deeply affect the implementation of global climate policies. This withdrawal poses a greater obstacle to the agreement's enforcement.
Trump's decision has received mixed reactions both domestically and internationally. Critics argue that this move will cause the U.S. to lose its leadership in global climate policy and adversely affect efforts to address climate change. Supporters believe it will help restore the competitiveness of the U.S. energy industry and reduce reliance on international agreements.
Withdrawing from the Paris Climate Agreement is just one of a series of reform measures Trump plans to implement on his first day in office. In addition to energy policies, he plans to use executive orders to repeal several environmental regulations, paving the way for the expansion of the fossil fuel industry.Risk Warning and Disclaimer
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