In a move that has stirred international attention, former US President Donald Trump has signed an executive order to withdraw the United States from the 2015 Paris Agreement for the second time. This decision reverses the country’s commitment to global climate goals, potentially impacting the momentum built over the past decade.
Trump, known for his skepticism towards climate change, cited the need to support fossil fuel industries and address rising energy demands driven by advancements in artificial intelligence. His withdrawal is expected to slow down US climate initiatives, delay the transition to clean energy, and diminish the country's influence in global climate governance.
The Paris Agreement relies on each signatory nation to progressively enhance their climate targets every five years. With the US stepping back, there is concern that other nations might adopt a cautious approach, potentially delaying their climate actions. This 'demonstration effect' could weaken the collective effort needed to combat climate change.
Another significant consequence of Trump's decision is the reduction in climate financing. The US has been a major contributor to international climate funds, and its withdrawal creates a substantial funding gap. Developing countries, which rely heavily on this support for clean energy projects and climate adaptation, may find it challenging to meet their commitments without additional assistance from other developed nations.
Despite these setbacks, global momentum towards clean energy remains strong. Investments in renewable energy sources have nearly doubled from 2015 to 2023, and the costs of photovoltaic and wind power have plummeted by 90% and 70% respectively. Experts like Fatih Birol from the International Energy Agency emphasize that the global energy transition is unstoppable, regardless of the US's policy shifts.
The economic incentives for addressing climate change continue to grow, making clean energy technologies not only environmentally beneficial but also economically advantageous. However, Trump's withdrawal may hinder US companies' investment efficiency in the clean energy sector, potentially affecting the country's competitiveness on the global stage.
As the world grapples with the challenges of climate change, the US's stance will play a crucial role in shaping future climate actions and policies. While Trump's policies present obstacles, the enduring global commitment to sustainability and clean energy development offers hope for continued progress.
Reference(s):
Trump's second withdrawal from Paris Agreement to have limited impact
cgtn.com
