House view
House view
Deregulation looks to remove fines for companies that harm the environment while repealing rules spanning autos, energy production, and air quality.- It is not clear how long or what the process of undoing these regulations will look like.
- Many of the regulations being re-evaluated are similar to the ones rolled back in the first Trump administration.
New this month
New this month
On 18 March, ESG News reported the European Union and South Africa began negotiating a Clean Trade and Investment Partnership, with EUR 4.7 billion of investment for clean energy, connectivity, and health sectors. South Africa would be the first nation to be party to a new style of an EU trade pact that focuses on clean energy, technology, strategic industries, and critical raw materials. This follows an announcement earlier in March that US representatives had asked the World Bank-linked Climate Investment Funds to delay USD 500mn of funds for South Africa, which sought to unlock up to USD 2.6bn of climate funding.
Did you know?
Did you know?
- The US has about 16% of the total voting power on the World Bank’s International Bank for Reconstruction and Development, followed by Japan, China, Germany, France, and the UK.
- Following the US's previous withdrawal from the Paris Agreement, US electricity generation from coal dropped 22% (excluding pandemic-era generation), according to US Energy Information Agency and Ember data.
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