In light of President Trump's withdrawal from the 2015 U.N. Paris Agreement on climate change, S&P has published a new report, "Withdrawal Symptoms: What Trump's Paris Agreement Decision Could Mean for American Generators."
Here are the report's key takeaways:
- While withdrawing from Paris cannot take effect until 2020, it could pose significant consequences for the power industry over time.
- The motivation behind the Paris withdrawal likely coincides with plans to revive the U.S. coal industry.
- The impacts on both the U.S. nuclear and natural gas industries are ambiguous. But nuclear's advantages -- namely, fuel security and grid stability -- mean support may continue for nuclear irrespective of the decision to withdraw from Paris.
- Despite local efforts to develop renewables, the energy sources' outlook has become less clear. However, S&P expects state-level policies to continue the drive toward cleaner energy.
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