JGalt
Diamond Member
- Mar 9, 2011
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In a nutshell, other countries are following President Trump's lead in transitioning away from "green energy", and back to oil, gas, and coal.
The UN climate summit in the United Arab Emirates in 2023 ended with a call to "transition away from fossil fuels". It was applauded as a historic milestone in global climate action.
Barely a year later, however, there are fears that the global commitment may be losing momentum, as the growth of clean energy transition is slowing down while burning of fossil fuels continues to rise.
And now there is US President Donald Trump's "national energy emergency", embracing fossil fuels and ditching clean energy policies – that has also begun to influence some countries and energy companies already.
In response to Trump's "drill, baby, drill" slogan aimed at ramping up fossil fuel extraction, and the US notifying the UN of its withdrawal from the Paris climate agreement, Indonesia, for instance, has hinted that it may follow suit...
...In South Africa, Africa's biggest economy and a major carbon emitter, a $8.5bn foreign-aided transition project from the coal sector was already moving at a snail's pace, and now there are fears that it may get derailed further...
...Argentina withdrew its negotiators from the COP29 climate meeting in Baku last November, days after Trump won the US presidency. It has since followed Trump's lead in signalling it will withdraw from the Paris Agreement of 2015 - which underpins global efforts to combat climate change...
...India and the US have agreed to significantly increase the supply of American oil and gas to the Indian market...
...A few days after Trump's inauguration, South Korea, the world's third largest liquified natural gas importer, has hinted its intention to buy more American oil and gas aimed at reducing a trade surplus with the US and improving energy security, international media have reported from Seoul....
...Officials with Japan's largest power generator, JERA, have told Reuters they too want to increase purchases of liquified natural gas from the US to diversify supply, as it currently imports half of it from the Asia-Pacific region...
How Trump's 'drill, baby, drill' pledge is affecting other countries
How Trump's 'drill, baby, drill' pledge is affecting other countries
The UN climate summit in the United Arab Emirates in 2023 ended with a call to "transition away from fossil fuels". It was applauded as a historic milestone in global climate action.
Barely a year later, however, there are fears that the global commitment may be losing momentum, as the growth of clean energy transition is slowing down while burning of fossil fuels continues to rise.
And now there is US President Donald Trump's "national energy emergency", embracing fossil fuels and ditching clean energy policies – that has also begun to influence some countries and energy companies already.
In response to Trump's "drill, baby, drill" slogan aimed at ramping up fossil fuel extraction, and the US notifying the UN of its withdrawal from the Paris climate agreement, Indonesia, for instance, has hinted that it may follow suit...
...In South Africa, Africa's biggest economy and a major carbon emitter, a $8.5bn foreign-aided transition project from the coal sector was already moving at a snail's pace, and now there are fears that it may get derailed further...
...Argentina withdrew its negotiators from the COP29 climate meeting in Baku last November, days after Trump won the US presidency. It has since followed Trump's lead in signalling it will withdraw from the Paris Agreement of 2015 - which underpins global efforts to combat climate change...
...India and the US have agreed to significantly increase the supply of American oil and gas to the Indian market...
...A few days after Trump's inauguration, South Korea, the world's third largest liquified natural gas importer, has hinted its intention to buy more American oil and gas aimed at reducing a trade surplus with the US and improving energy security, international media have reported from Seoul....
...Officials with Japan's largest power generator, JERA, have told Reuters they too want to increase purchases of liquified natural gas from the US to diversify supply, as it currently imports half of it from the Asia-Pacific region...
How Trump's 'drill, baby, drill' pledge is affecting other countries