Dear MEL Topic Readers,
Six possible effects of Trump's climate policy change
Last month, the US president erased the scientific finding that climate
change endangers human health and the environment and deregulated federal greenhouse
gas emission standards for all vehicles and engines of model years 2012 to 2027
and beyond. The administration claims that the deregulation restores consumer
choice, makes more affordable vehicles available for American families, and
decreases the cost of living because of the lower cost of trucks. This reversal
action against the global efforts will not only remove limits on carbon
dioxide, methane, and four other greenhouse gases that spur heat waves,
droughts, wildfires, and other extreme weather, but also lead to health
problems and premature deaths in its own country. Also, the cars manufactured without
environmental regulations in the US may be cheaper for domestic buyers in the
short term, but will not be sold in other markets without meeting their respective
environmental regulations and requirements. So, what will business leaders in
the automotive industry do: enjoy the temporary pain relief to make the balance
sheet cleaner, or move forward to the future trend in the bigger picture? They may
also be wondering which wind will blow in the next election in 2028, the blue
or the red.
Read the article and learn about another reversal move by the US
administration.
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