Home » Business » Trump’s election threatens the chances of a successful climate conference: “The sea level is rising, but ‘whose hell is it?'”

Trump’s election threatens the chances of a successful climate conference: “The sea level is rising, but ‘whose hell is it?'”

But what exactly are Trump’s climate plans? In short:“Drill, baby, drill”. He wants to focus as much as possible on coal, oil and gas.

“On the first day of his second term, the president will roll back all of Joe Biden’s regulations that destroyed jobs and industry,” Trump adviser Carla Sands said last year in the Financial Times newspaper. This could, for example, include banning emissions to large companies.

And it’s highly questionable what will be left of the Inflationary Reduction Act (IRA), one of Joe Biden’s overall climate prizes from 2022. That massive package of grants, loans and tax breaks worth $369 billion should invest encourage green. For example, it includes support for solar and wind energy projects, but also purchase incentives for heat pumps and electric cars.

Trump calls the IRA “the biggest tax hike in history.” Supporters of the IRA hope that at least the purchase incentives for electric cars will be preserved, as they will benefit Elon Musk. The head of Tesla helped campaign for Trump.

In addition, Trump also wants to remove the EPA, the most powerful environmental and climate protection agency in the US, for example by removing powers, cutting cuts or put friendly business people in charge.

2024-11-07 17:00:00
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