Trump prepares to reshape US climate policy with potential withdrawal from global agreements
As Donald Trump prepares for a potential return to the presidency, he is expected to target U.S. climate policy. He may withdraw from the Paris Agreement again and could attempt to exit the United Nations Framework Convention on Climate Change, complicating future U.S. participation.
While Trump may roll back some clean energy initiatives, repealing major laws like the Infrastructure Investment and Jobs Act and the Inflation Reduction Act will be challenging without congressional support. These laws have significant benefits for many states, including those that typically support Trump.
Trump is likely to promote fossil fuel production through deregulation and increased drilling. However, the current high levels of U.S. oil production and market dynamics may limit significant growth in the industry. Investments in renewable energy may continue due to market trends, despite potential regulatory uncertainties.