Display mode (Doesn't show in master page preview)

21 Jan 2025

International Economy

First Impressions: President Trump signs executive orders to reverse environmental policies on his first day in office, refocusing on oil and gas drilling (Current Issue No.3548)

คะแนนเฉลี่ย
  • The US will withdraw from the Paris Agreement, the United Nations’ framework aimed at limiting the global temperature rise to below 2°C since pre-industrial times.
  • The “Electric Vehicle Mandate” introduced by President Biden, which requires automakers to reduce carbon emissions from small vehicles by 50 percent starting in 2027, will be revoked.
  • The US will increase its oil and gas exploration. Trump has suspended several environmental regulations that previously restricted drilling and has directed government agencies to actively support drilling efforts.
  • KResearch views that these changes may not be material. The US will likely further invest in clean energy, as many states directly gain financial benefits under provisions of the Inflation Reduction Act (IRA).

International Economy