With the stunning victory of Donald Trump, all progress made towards addressing the issue of global warming is now in doubt.
Trump has been hostile to this notion, basically lining up with climate change deniers. It’s also clear that Trump is not a fan of business regulation, and has promised to unleash more drilling along with pushing for more coal.
On the other hand, we’ve seen that Trump will abandon campaign rhetoric without a second thought. He’s done that with many issues, and he recently acknowledged that human activity may be having an effect on global warming.
So basically we’re left with a tremendous amount of uncertainty.
For years the issues has been out of control oil prices to the upside. Domestically that’s been a huge issue as energy independence became a rallying cry as the United States and other Western economies were at the mercy of OPEC and high oil prices.
In an historic development, 195 nations agreed to a framework to reduce carbon emissions and hopefully reduce the warming of the planet. It was a huge win for Barack Obama and others around the world who worked for years to bring this agreement about. Republicans are trashing the agreement, but this progress on climate change may be one of Obama’s most significant accomplishments.