A few days ago President Trump signed an executive order that undid Obama's policies on climate change. The article states that the Trump administration believes this will help the economy in particular coal workers. However, these "backward-looking" policies will hurt the economy as opposed to helping it. The White House has outdated views and honestly not much knowledge about the subject itself to predict such an optimistic view about the economy. The technology industry is one of our main industries in terms of jobs and economic profit. Undoing climate change progress will take away jobs from a large population who work for clean energy systems. According to the author of the article, those in the coal industry itself don't see an optimist future for it. There are no risks from climate change and affiliated relations and policies. However, the cost of not protecting the climate is far greater. It will be interesting to see how corporations react to this and the backlash that the Trump administration will receive from clean energy corporations who have made progress with Obama's climate change regulations.
https://hbr.org/2017/03/trumps-climate-rollback-will-hurt-the-economy-not-help-it
4 comments:
Trump's promise on bringing jobs back to the coal industry is highly unlikely to be achieved. The significant increase in natural gas production over the past 10 years along with decreasing prices, means it may not be economical for a coal comeback. Trump's order would make it easier to mine coal and open door for carbon emission produced by power plants.
Yeah, in addition to Yingling's comments, not only do we see change in the cost structure of fossil fuels, but also renewable technologies. As countries like the U.K., Germany and China barrel ahead using government funding to incentive their firms to create sustainable technology for the future.
In this case, I am ashamed to be an American.
The task for supporters of the Paris agreement is to fight to keep it alive, well at least the important elements. Shore up trust in and support for the deal among other signatories. Build confidence by helping to develop a transparent, consistent system for monitoring progress toward national pledges. Rally public and private financial support for countries already struggling to adapt. Support international momentum toward more ambitious emissions reduction targets over time. Make sure the Trump administration behavior is an outlier, not a precursor to even worse decisions so that when a climate-friendly president next takes power in Washington, there are some elements still alive in the agreement to hopefully resurrect it. Billy George, calm down.
I thought that this article was a interesting one to read since I had family that worked in the coal mines. I don't think that this is the right way to bring back jobs and boost the economy because eventually we are going to get low on coal and then what do we do plus it does not burn clean at all.
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