President Trump has started his term a couple of days ago. And I stand corrected. A couple of my recent predictions were clearly wrong.
For one, the White House has (as of now) not been repainted in black, in honor of Trump’s fossil fuel industry sponsors.
I also haven’t heard any news of a fracking project on the South Lawn yet.
Those predictions were not really serious. But I did expect to see the Obama solar panels disappear on day one.
As far as I can tell by a simple Google search, there have been no reports yet of Trump dumping the White House solar panels.
Of course, he is kind of busy deleting all references to climate change from the White House website. He’ll probably dump those solar panels later.
We will get the bureaucracy out of the way of innovation, so we can pursue all forms of energy. This includes renewable energies and the technologies of the future. It includes nuclear, wind and solar energy – but not to the exclusion of other energy (emphasis added by me).
Anyway, it was clear before and is clear now that any federal government policy move away from fossil fuel won’t happen in Trump’s Great America. At least not if the fossil fuel industry doesn’t support such a move.
That means for the next four years, the federal government of Great America won’t be doing much to reduce CO2 emissions.
That would change fast and radically if it was true that reducing fossil fuel supply by strong regulation helps the profits of the fossil fuel industry (the main assertion of Phaseout Profit Theory). Or that helping the coal industry survive requires a feed-in tariff for coal.
As far as Phaseout Profit Theory is concerned, it just got a lot more important. Clearly forcing a transition away from fossil fuel against the industry is not an option. Phaseout Profit is the only option left.