The Trump administration is systematically dismantling key climate regulations and incentives established by the previous administration. This includes repealing the EPA's 'endangerment finding,' slashing clean energy tax credits, and withdrawing from international climate bodies like the Paris Agreement.
China is simultaneously pursuing massive expansion of clean energy and a continued reliance on coal for energy security. Its new five-year plan outlines ambitious goals for new technologies like zero-carbon industrial parks and green fuels, but disappoints with a weak carbon intensity target and no absolute cap on emissions.
India's recently submitted 2035 climate plan under the Paris Agreement is seen as conservative. The targets for reducing carbon intensity and increasing the share of non-fossil fuels are only slight improvements on previous 2030 goals and are considered achievable without significant new policy efforts.
The war in the Middle East has elevated energy security as a top priority for governments worldwide. In the short term, this has led to measures like subsidies, halting fuel exports (China), and calls for more drilling (US), potentially increasing fossil fuel consumption. However, it also strengthens the long-term economic and strategic case for transitioning to domestic renewable energy sources to reduce exposure to volatile international markets.
Keep pulling the thread on Lily Pike.