World’s Biggest Wind-Turbine Maker Falls as Trump Drops Paris

Source: By Christian Wienberg, Bloomberg • Posted: Friday, June 2nd, 2017

Vestas Wind Systems A/S, the world’s biggest maker of wind turbines, dropped to its lowest in 1 1/2 months after U.S. President Donald Trump’s decision to exit the Paris climate accord threw into doubt the future of renewable energy. Vestas fell as much as 2.8 percent, and traded 2.2 percent lower at 572 kroner as of 10:32 a.m. in Copenhagen. It was the worst performing stock on the Copenhagen benchmark index of Denmark’s most traded companies, and was among the biggest losers in the Stoxx Europe 600 index, which was up about 0.6 percent overall.

Vestas expects major wind investments despite U.S. climate deal exit

Source: By Stine Jacobsen, Reuters • Posted: Friday, June 2nd, 2017

Wind energy will still attract major investment in the United States and around the world despite President Donald Trump’s decision to withdraw from the global climate accord, top wind turbine maker Vestas predicted on Friday. With the help of tax credits, wind energy surpassed hydropower as the biggest source of renewable electricity in the U.S. during former President Barack Obama’s administration, and the cost of output has steadily declined as technology evolved.

Trump, Prioritizing Economy Over Climate, Cites Disputed Premises

Source: By MARK LANDLER, BRAD PLUMER and LINDA QIU, New York Times • Posted: Friday, June 2nd, 2017

The M.I.T. study in question looked at the difference between climate pledges made at previous talks and those made in the run-up to Paris, and it found that the Paris pledges would avoid an additional 0.2 degrees Celsius of global warming by 2100. But the M.I.T. researchers also looked at the difference between all of the climate pledges made to date and a business-as-usual scenario in which countries failed to act. In an updated 2016 analysis, they found that current climate pledges would result in global average temperatures rising between 2.7 and 3.6 degrees by the end of the century, compared with between 3.3 and 4.7 degrees if no action were taken, a difference of nearly a degree. And the aim of the Paris agreement was to improve those pledges over time.

Trump’s Climate Pullback Opens Door to Chinese Leadership

Source: By Matthew Pennington, Associated Press • Posted: Friday, June 2nd, 2017

China may be poised to fill the breach. The world’s largest emitter of man-made carbon dioxide, considered a top cause of climate change, is already making rapid progress toward its Paris goal of stopping emissions growth by 2030. It has overtaken the U.S. in transitioning to renewable energy, generating a fifth of its electricity from renewable sources. The U.S. only sources about 13 percent of its electricity from renewables.

Op-Ed: States, Cities, Businesses Will Fill Void Left by U.S. Abdication from Paris Pact

Source: By Ernie Shea, 25x25 • Posted: Friday, June 2nd, 2017

President Trump’s decision to pull the United States out of the global climate change agreement marks a disappointing abdication of this nation’s leadership role in meeting the challenges of the very real changing climatic conditions that pose undeniable threats to food production, water availability, coastal communities and government stability in many locations around the world.

Coastal Disappointment, Inland Joy at Trump Climate Move

Source: By The Associated Press • Posted: Friday, June 2nd, 2017

From coal country to the ports of Maine to the wind farms of the West Coast, Americans react to President Donald Trump’s announcement Thursday that he’s pulling the country out of the Paris climate accord.

Trump Will Withdraw U.S. From Paris Climate Agreement

Source: By MICHAEL D. SHEAR, New York Times • Posted: Friday, June 2nd, 2017

President Trump announced on Thursday that the United States would withdraw from the Paris climate accord, weakening efforts to combat global warming and embracing isolationist voices in his White House who argued that the agreement was a pernicious threat to the economy and American sovereignty. In a speech from the Rose Garden, Mr. Trump said the landmark 2015 pact imposed wildly unfair environmental standards on American businesses and workers. He vowed to stand with the people of the United States against what he called a “draconian” international deal.

Musk says he’ll leave adviser’s role if Trump exits pact

Source: Christa Marshall, E&E News reporter • Posted: Thursday, June 1st, 2017

Tesla Inc. CEO Elon Musk is threatening to leave his role as a White House adviser if President Trump exits the Paris climate agreement. In a tweet this afternoon, Musk said he had done all he could to persuade Trump and White House officials on staying in the international pact. When a follower asked him directly what he would do if Trump decides to leave, Musk wrote: “Will have no choice to depart councils in that case.”

Governor to lead first all-Iowa farm trade mission to China

Source: By William Petroski, Des Moines Register • Posted: Thursday, June 1st, 2017

Gov. Kim Reynolds will lead a first-ever, all-Iowa agricultural trade mission to China in July with the goal of bolstering exports of the state’s farm commodities. Reynolds, who became the state’s chief executive last week after former Gov. Terry Branstad became U.S. ambassador to China, said Tuesday that the 10-day trip will be significant because all of Iowa’s farm groups have not previously joined together for overseas trade mission.

E.U., China to make major climate announcement

Source: Jean Chemnick, E&E News reporter • Posted: Thursday, June 1st, 2017

The European Union and China will issue a statement Friday declaring climate change “an imperative more than ever” in the face of expected U.S. withdrawal from the Paris Agreement. A final draft statement seen by E&E News, prepared for a meeting Friday, is the first-ever bilateral agreement on climate change between the European Union and China. It will be backed by all 28 E.U. member states, including the United Kingdom.