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We teamed up with Verisk Maplecroft to review Trump's first 100 days in office. What geopolitical risks have we seen? Will domestic stalemates force emphasis on foreign policy? Jimena Blanco and Paul McConnell discuss the risks, rewards and repercussions of the first 100 days.
A review of Trump's first 100 days in office
We teamed up with Verisk Maplecroft to find out what geopolitical risks we've seen and whether or not domestic stalemates will force emphasis on foreign policy
A summary – the first 100 days
- Energy regulations have been rolled back and land access has been opened for development, but these actions won't save coal or slow the growth of renewable energy.
- Infrastructure hurdles have been cleared, but market support is still needed for all projects to go ahead.
- Fuel efficiency (CAFE) standards are back under review, but existing standards are fixed to 2021. Meanwhile, EVs are gaining momentum.
- Funding for the EPA has been cut and the Clean Power Plan is no longer relevant.
- Pre-election promises to pull out of the Paris Agreement on climate change haven't happened. Will the US remain in with reduced emission targets or will Trump make good on his promise?
- Trade is a big target from the pre-election campaign. Fears that a trade war could slow growth are festering.
- Progress on NAFTA renegotiation is stalled, and Trump's meeting with the Chinese President was said to be cordial.
- Overall the administration has had a limited impact in the first 100 days, certainly in comparison to the scale of the promises made pre-election. But the fossil fuel industry is feeling relatively comfortable – an unlikely outcome under a Clinton presidency. Absence of a negative is a positive, at least for now.