Trump likely to try to reverse Obama environment initiatives

Trump US President-elect uncertainty looms for US energy industry

"In that spirit", Gore wrote, "I hope that he will work with the overwhelming majority" of people who think climate change is the "greatest threat we face as a nation".

This commitment was initially announced in a Sino-American climate change agreement signed in November 2014 during a visit to Beijing by President Barack Obama.

Trump also has his sights set on the Clean Power Plan, the Environmental Protection Agency's regulations limiting carbon dioxide emissions from power plants. "The concept of global warming was created by and for the Chinese in order to make USA manufacturing non-competitive", Trump twitted in November 2012.

Climate Analytics is a non-profit organisation based in Berlin, Germany, with offices in Lome, Togo and New York, USA, that brings together inter-disciplinary expertise in the scientific and policy aspects of climate change. "It is also worth noting that the global community acknowledges that the Paris agreement alone is not sufficient to arrest climate change, but is seen as a step toward that goal with more stringent reductions required in the near future".

Some delegates expressed concern that Trump could cause other nations to reconsider their position on global warming. Beijing sees Trump's stance as an advantage.

"Environmental Protection, what they do is a disgrace". That has raised profound questions about domestic and worldwide efforts to fight climate change at a moment when scientists say there is no time for delay. We will refocus the EPA on its core mission of ensuring clean air, and clean, safe drinking water for all Americans.

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Under the plans, companies will compete for the first £290 million ($360 million) worth of contracts for renewable electricity projects in the next Contracts of Difference (CFD) auction, Kallanish Energy learns.

The premise that cutting on environmental spending will save America money is flawed in itself, however. Bloomberg has already debunked this figure as wholly unachievable. The cost of thermal coal in the Australian port of Newcastle, a benchmark for Asia, has more than doubled since January to a four-year high of $114.75 a ton.

"What steps will your energy policy take to meet our energy needs while at the same time remaining environmentally friendly and minimizing job layoffs?", asked Bone.

Donald Trump's election as the new US President is expected to be a positive for the coal miners, oil companies but could weigh on clean energy companies prospects. Mr. Trump, in his election campaign had been on an aggressive front against Arab countries and it is too soon to comment his stance regarding Iran's nuclear deal.

The mining industry has undoubtedly suffered in recent years, a global trend which has been exacerbated by renewable energies' increasing ability to compete economically with coal.

"We can't live in Wright, Wyoming in a declining coal market, worse than what it has been".

Beyond the lifting of restrictions, Trump's energy plan is unclear.

"In addition to federal regulations aimed at reducing carbon emissions, the coal industry has been weighed down by competition from low-priced natural gas, which has allowed the nation's utilities an affordable way to transition away from coal", the analysts write. While production likely would increase in states that have more federal land, that would mean more product on the market and lower prices that would hurt profitability of Texas oil and gas operators. It was simply too hard to get buy-in on tougher cutbacks from many developing countries in need of cheap energy.

America has vast reserves of natural gas, something which has undoubtedly benefitted the country in the last few decades, especially with the surge of domestic shale gas production. He has promised to open all federal lands and waters to fossil fuel production, in contrast to [Hillary] Clinton, who had called for new, stricter limits on oil and gas production on public lands and indicated she wanted United States offshore production confined to only the Gulf of Mexico.

For all the "war on coal" rhetoric, United States coal's biggest problem was never Obama, nor would it have been Hillary Clinton. He even manages it within the same sentence.

Environmental activists in Alabama say the election of Donald Trump this week arrived like a gut punch. "In the Arctic, it's impossible to respond to an oil spill, with extreme cold, floating ice, darkness much of the year and no response facilities". States' control over many energy policies is also a restraining factor, as states such as California have already invested heavily in renewable energy infrastructure and will continue to push a green agenda.

Michael Lynch, president of Strategic Energy & Economic Research in MA stated: "The IEA report showed that OPEC production has climbed to a new high, which is cause for concern". Such a policy change could curtail the pace of clean energy growth.

"That's why we've seen states be, as (former Supreme Court Justice Louis) Brandeis put it, laboratories of democracy for a lot of things, including energy".