What Trump Quitting the Energy Transition Means for the World

Nov. 18, 2025, 11:17 PM UTC

This piece is from a Bloomberg Economics report for the New Economy Forum which went to press in October.

The world has reached a hinge moment in the energy transition. Leaps in technology are making it possible to cut emissions faster and more cheaply than ever. At the same time, US President Donald Trump is reversing efforts to decarbonize the world’s second- biggest polluter.

Drawing on scenarios built using a detailed model of the global economy and energy system, combined with input from energy research group BloombergNEF, we assess what Trump’s policy pivot means and what happens if other leaders follow ...

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