"Shifting from Green Goals: How Fossil Fuels Could Boost the US Economy"

A shift towards fossil fuels, as advocated by President Donald Trump, may benefit the US economy while harming global sustainable energy efforts and exacerbating climate change impacts.

• Economists from Bloomberg L.P. predict that prioritizing fossil fuel policies could lead to a global economic shrinkage of 0.2%, affecting nations still pursuing sustainable energy.
• The push for fossil fuel reliance is seen as a long-term economic strategy for the US, despite potential adverse effects on climate change and lower-income countries.
• The analysis highlights that slashing green energy goals in favor of fossil fuels could significantly hinder global efforts to combat climate change, impacting vulnerable nations the most.