Vijay Jayaraj
President Donald. J. Trump's earthquake shift in energy policy will go far beyond the U.S. border. He withdrew from the Paris Agreement, expanded U.S. oil and gas exports, terminated new green deals, and eliminated the prospect of carbon tariffs, which provided a lifeline for developing countries to struggle with chronic energy poverty.
When the United States spins sharply, other countries reassess their positions. Changes in energy policy dynamics are more popular than developing countries, and developing countries must intensify energy conflicts, while energy agrees with the anti-development, anti-humanism and dystopian Paris climate.
Many developing countries have long expressed frustration at the climate agenda’s restrictions on their economic growth. India and China, for example, have insisted that they need flexibility to determine their own domestic energy mix, stressing that access to matchable fossil fuels is crucial to lifting millions of dollars out of poverty.
Similarly, countries across Africa believe that their development priorities must include the use of their natural resources, including coal, oil and gas, to meet people's basic needs.
Take Nigeria as an example. With its important natural gas reserves, the country is under international pressure to limit the use of hydrocarbons and the urgent need to power its growing population. The fossil fuel-friendly nature of international financial markets may accelerate Nigeria's plans to profit its natural gas resources and expand domestic power generation.
As former Nigerian Vice President Yemi Osinbajo said: “Africans need not only lights at home. We hope that large-scale energy can create industrial and commercial work. To fully participate in the global economy, we will need reliable Low cost power.”
Global Impact of U.S. Energy Expansion
One of the most striking effects of Trump's energy policy is the surge in U.S. exports of liquefied natural gas (LNG) that restores the recovery of the new LNG project interrupted by former President Biden.
For developing countries, this means a reliable energy presence at competitive prices – in stark contrast to the intermittent nature of solar and wind projects favored by climate-compatible financial institutions.
In many parts of sub-Saharan Africa, South Asia and Latin America, energy poverty remains a serious obstacle. According to the International Agency (IEA), nearly 800 million people worldwide have no electricity, while 3 billion people rely on smoky biomass for cooking.
By increasing global LNG supply, Trump provides these countries with a pathway to transition to clean-burning natural gas. Benefits will include reduced deforestation, less indoor air pollution and greater opportunities for economic growth.
India has invested in LNG terminals in the United States, and imports will increase as demand grows from its population by 1.4 billion.
In addition, an increased supply of LNG will stabilize global reserves and reduce the vulnerability of energy intrusion countries to geopolitical destruction. Energy abundance is a prerequisite for stability and prosperity – the reality that developing countries know is well understood, and the climate seems to be underestimated.
No carbon tariffs: a boon for developing economies
While many experts impose tariffs on imports proposed by Trump, they do not recognize or at least fail to acknowledge – many in developing countries may be happy that the carbon tariffs on the climate agenda will not be part of Trump’s tax regime .
Carbon tariffs are the darling of climate populations on both sides of the Atlantic Ocean, aiming to punish producers and users – carbon-intensive goods. But, in reality, they are return taxes for developing countries, many of which lack the financial and technical means to “decarbonize” their industries.
For countries like Foreign Secretary S. Jaishankar, such as India, economic growth must be prioritized over rigid climate goals, and the carbon-free tax-free future represents a much-needed probation. It upgrades the movement environment and enables developing economies to compete in global markets without disproportionately burdens of forced emission reduction. Yes, Trump threatens other tariffs, but these tariffs can be addressed through diplomacy.
Fossil fuels still account for more than 80% of global major energy consumption, although countries such as China, India and Indonesia are expanding infrastructure to produce, import and use hydrocarbons despite commitments to achieve impossible climate goals.
With Trump's bold move, these countries will no longer feel the need to hide behind the veneer of the climate app.
Trump's rejection of climate orthodoxy is consistent with developing countries' desire to ensure energy security and overcome poverty. Expect these countries to be brave and openly adopted their preferred energy strategy and to leave the Paris Agreement itself.
Vijay Jayaraj is a Science and Research Assistant company2allianceFairfax, Virginia. he He holds a Master of Environmental Science from the University of East Anglia, a Bachelor of Graduate in Energy Management from Robert Gordon University, and a Bachelor of Engineering from the University of Anna, India.
This article was originally published by RealClearenergy and is provided by Realclearwire.
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