By appeasing America firsters and legacy industries such as coal, Trump has obviously fulfilled a campaign promise, while demonstrating solidarity with workers stuck in fading 20th century industries. But that will do nothing to increase demand for dirty coal or create jobs in industries the free market is closing the books on anyway. Natural gas burns much cleaner than coal and is nearly as cheap, thanks in large part to America’s fracking revolution. Pollution-free solar power is becoming cost-competitive without any need for government incentives. States such as California and many municipalities have their own reasons to encourage the use of renewables and cleaner-burning fuels, regardless of what Trump wants. That’s why Exxon and many other oil companies favor the Paris agreement—it helps them gain a foothold in the energy market that is slowly but surely replacing carbon.
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