When President Donald Trump announced he would withdraw the United States from the Paris climate agreement, it was a major blow to the renewable energy industry because of the growing market in America. Now the Trump administration is also making good on his campaign promise to revitalize coal country, as the Environmental Protection Agency is set to repeal the Obama-era Clean Power Plan, a limit set to curb greenhouse gas emissions from coal-fired power plants. With these orders, alternative energy may see slower growth or receive less federal funding. But one group of conservatives wants to make a case for clean energy. On October 5, the Christian Coalition and the Young Conservatives for Energy Reform (YC4ER) hosted the third annual Conservative Clean Energy Summit in Washington D.C.
U.S. Energy Secretary Rick Perry reassured Japan on Monday that America is committed to tackling environmental issues and promoting clean energy even though it is leaving the Paris climate accord. Perry told Japanese counterpart Hiroshige Seko in Tokyo that the U.S. commitment to environmental issues remains unchanged, said Kazushige Tanaka, a trade ministry official who attended the talks. Perry's comments came days after President Donald Trump announced the United States would withdraw from the Paris accord, a decision that has triggered international disappointment and criticism. Before visiting Japan, Perry had said in a statement released Thursday that he "fully" supported Trump's decision, and intended to discuss with Japan "the benefits of all forms of energy, including nuclear, fossil, liquefied natural gas and renewables." In Monday's talks, Perry said America will continue to be a leader in developing clean energy and associated technology, as it has led efforts tackling carbon reduction and clean coal technology.
Regulators worldwide are cracking down on initial coin offerings after a frenzied summer of tokenized fundraising amassed more than $1.2 billion. The U.S. Securities and Exchange Commission clarified in July that some ICOs are subject to federal securities law, which means if fundraisers promise tokens will increase in value, they can't be sold to the general public without certain restrictions. On Monday, the SEC even issued a warning that some public stock scams are masquerading as ICOs. China, Canada and even fintech-friendly Singapore are all warning cryptocurrency buyers to steer clear of new tokens without communal, functional value. What does that even mean?
If you believe the geopolitical soothsayers, the US and China are headed for an economic confrontation. President Donald Trump has marked his first 100 days in office with efforts to roll back many of his predecessor's climate-conscious programs, making business easier for fossil fuel companies, car manufacturers, and chemical companies. China is taking the opposite tack. In the past few years, China has surpassed the US in electric vehicle sales, renewable energy capacity, and recently announced it was investing $365 billion to keep the momentum going. That investment puts China in a prime position to lead the world in clean energy, selling its innovations to other countries looking to cut their energy bills.