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Trump’s EPA administrator, Lee Zeldin, is looking to reverse the 2009 “threat” that found greenhouse gases to be dangerous to people’s health and well-being, possibly this week, The Wall Street Journal reported. reports.
The EPA’s findings formed the basis for federal regulation of greenhouse gases, including greenhouse gases and methane, and have been challenged without success since they were enacted.
The move is sure to attract several lawsuits, and it could take years for the matter to be resolved. The EPA’s move only affects the emissions of cars and trucks, although it is expected that the Trump administration will use it to loosen regulations in other sectors such as the energy and industrial industries.
Automakers, of course He pushed Trump to weaken oil regulationsin particular it did not compel EPA to remove the risk finding. Tesla went further, asking EPA to maintain the findingssaying that “it was based on proven and scientific principles.”
If the Trump administration succeeds, the US will be out of touch with other advanced economic policies. Companies that do business across borders must develop different strategies for each market, adding value.
Automakers, in particular, are facing a future where they will be forced to sell to two-tiered markets, at least in the near future. A regulatory crackdown in the US combined with increased competition from China has hurt automakers many billions.
American automakers’ reliance on gasoline-powered vehicles, in particular, has painted domestic companies into a corner, giving profits that undermine future proofing of their fleets. seemingly inevitable competition from Chinese marques.
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Trump officials told the WSJ that they expect the change to save more than $1 trillion, although they did not provide evidence to support this figure.
Climate change is expected to become more expensive. The Congressional Budget Office has found that nearly $1 trillion in real estate is threatened by sea level rise, and the risk of dying in the US could be. 2% higher if global warming does not stop. Another study, published in 2024, found that climate change could end reduce global GDP by 17% by 2050, $38 trillion a year.