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Trump takes office with fewer rules and more exploration for the oil sector
Donald Trump's re-election in 2024 marks a return to policies that encourage the production of fossil fuels. With fewer environmental regulations, oil and gas companies, big supporters of his campaign, are eagerly awaiting a boom scenario, while environmentalists and global leaders are already worried about the impact on the climate.
Energy sector with less regulatory interference
Trump argues that reducing regulations for the energy industry will bring economic benefits, such as falling fuel prices. However, experts point out that the global market, more than domestic policies, determines oil prices, which limits the direct impact of these changes.
States assume local environmental protection
While the federal government is facilitating oil and gas exploration, environmentalists are redirecting their efforts to the state and local levels. Thus, states with stricter environmental policies are already seeking to strengthen renewable energy and maintain sustainable practices in response to new national policies.
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Risk to renewable energy with the revision of the inflation reduction law
Trump’s promise to repeal the Inflation Reduction Act poses a risk to the growth of clean energy. Under the Biden administration, the act has boosted the renewable energy sector and helped create green jobs, but its repeal could jeopardize those gains.
Expansion of natural gas and easing of methane emissions
Among Trump's new policies are the expansion of natural gas and the easing of restrictions on emissions of methane, one of the most harmful greenhouse gases. In this way, by promoting liquefied natural gas (LNG), the government seeks to expand the export market, but also heightens climate concerns.
US withdrawal from the Paris Agreement and global effects
Trump’s intention to withdraw the US from the Paris Agreement again threatens to undermine the global pact to reduce carbon emissions. According to Collins Nzovu, Zambia’s former minister for green economy, such a withdrawal could destabilize support for climate action in developing countries that depend on US cooperation.
The conflict between economic growth and sustainability
Trump has reopened the debate over the need to balance economic growth and environmental preservation. Even as the fossil fuel sector is boosted, experts warn that the long-term environmental costs could be high, requiring states and cities to continue the transition to a low-carbon economy.
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