The US Cold War framework is: to double down on fossil fuels, ramp up arms spending, cut environmental and labour regulations and drop climate commitments. It is pressing its allies to do the same. This is a clear and present danger to the rest of the world.
Trump, upon taking office, signed an executive order declaring that the US, the world’s largest historical largest emitter of greenhouse gases, will withdraw from the Paris Agreement. The global climate situation is already dire and walking away from the Paris Agreement won’t protect Americans from climate impacts.
The transition to sustainable energy is not fast enough to avert a catastrophic increase of almost 3C in average temperatures by the end of the century on current policies. Policies, overwhelmingly those in the Global North, need to change.
Fundamentally, the scale of investment needed is far greater than Rachel Reeve’s arbitrary fiscal rules will allow.
The far right gets a lot of its funding from US dark money, some directly linked to fossil fuel interests. Hence its opposition to action on climate change.
China’s ability to support its innovation with investment resources, unmatched in any other country, means it will continue to maintain its economic advantage.
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