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Trump's Paris moves reflect policy disruption risks

Friday, June 2, 2017

Significance

The Trump administration's repudiation of the pact's 'no backsliding' framework for global climate governance has been met with near-universal condemnation from other world leaders. The United States is the planet's second-largest emitter of greenhouse gases and the previous administration promised to transfer funding and clean energy technology as part of Washington's contribution to climate-vulnerable countries.

Impacts

  • A tightening US labour market will provide statistical cover for the Trump administration's job creation claims for now.
  • Alignment of the loose Paris vision with more pressing national energy and anti-pollution goals will keep developing countries on-side.
  • EU countries, particularly Germany, are likelier candidates for taking over the US role as provider of funding and technology than China.
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