Quitting & Rejoining Global Climate Agreements: What’s at Stake for the United States
Key Takeaway
The US withdrawal from foundational global climate agreements creates profound policy uncertainty and regulatory risk for clean energy development, potentially shifting market dynamics towards fossil fuels.
AI Summary
- •The US withdrawal from the UNFCCC (following the Paris Agreement) signals significant federal policy instability regarding climate action, increasing regulatory risk for long-term clean energy projects.
- •Expect a potential rollback or stagnation of federal climate-driven regulations and incentives, which could impact the economic viability and permitting of renewable energy and storage projects.
- •This move introduces substantial uncertainty into carbon markets (if applicable), PPA pricing, and financing for projects reliant on climate policy support, potentially favoring fossil fuel generation in the short term.
- •US isolation on climate policy could lead to international trade implications or reduced access to international climate finance for US-based projects or companies.
Topics
Article Content
By Jake Schmidt, Senior Strategic Director, International Climate, International, NRDC Following its previous announcement withdrawing from the Paris Agreement, the Trump administration announced it intends to also withdraw from the U.N. Framework Convention on Climate Change (UNFCCC)—the foundational international climate agreement adopted in 1992 that the United States joined in 1994. In ... [continued] The post Quitting & Rejoining Global Climate Agreements: What’s at Stake for the United States appeared first on CleanTechnica .