As the Trump administration’s influence wanes, a surge in state and city-led sustainability initiatives is set to propel global environmental efforts forward.
Why Global Sustainability Efforts Will Continue Despite Trump
The Rise of State and City Initiatives
The anticipated withdrawal of the U.S. from the Paris Climate Accord and the Trump administration’s likely support for fossil fuel production have led some to believe that global sustainability efforts will come to a grinding halt. However, this could not be further from the truth.
In reality, U.S. cities and states are taking the lead in sustainability initiatives, often with more vigor than at any point in recent history. The first Trump presidency saw numerous examples of this, such as New York City‘s Local Law 97, which aims to limit greenhouse gas emissions from large buildings. This trend is likely to continue, even if federal policies do not.
China Drives Global Sustainability Demand
Another reason that sustainability initiatives will persist is the significant investments being made by China in renewable energy and clean energy technology. The country has become a global leader in these areas, driving demand for sustainable technologies around the world. As a result, businesses and investors are becoming increasingly focused on environmental issues.
The Increasing Urgency of Climate Action
Finally, the increasing frequency and severity of extreme weather events is pushing financial markets to address climate risks. Businesses must adapt to these trends if they hope to remain competitive and compliant with regulations. Investors, meanwhile, are also becoming more focused on environmental issues.
Despite federal setbacks, the commitment of states, cities, and international players like China will ensure that sustainability efforts persist and evolve over the next four years. The commitment to sustainability is not solely driven by government policies, but rather by a growing recognition of its importance for the health and prosperity of our planet.
