A significant contributor to this uncertainty in the US is the announcement by US President Donald J. Trump on June 1, 2017 to pull the US out of the Paris climate agreement as promised in the 2016 election campaign.
Another likely factor contributing to the North American uncertainty is the future of the Clean Power Plan (CPP). If approved, the CPP would require states to develop plans to reduce CO2 emissions from existing generating units that use fossil fuels.
Select trends in the market
- The 32% decrease in CO2 emissions by 2030 will be difficult to achieve
- Possible increase of CO2 equivalent emissions of more than 500 million metric tons in 2030 and 1,200 million metric tons in 2050
- Natural gas demand and exports have achieved new highs
- Coal may become the leading source of electricity generation by 2019
- Customers making choices about energy efficiency, electric powered vehicles, solar and energy storage technologies
- Most utilities finished 2016 on a stronger footing thanks to improved income statement measures
- Digital technologies combined with consumer and community preferences are driving the North American energy system transformation
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