• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy

2

CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it

3

Current price of oil as of June 3, 2026

1

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy

2

CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it

3

Current price of oil as of June 3, 2026

World CO2 Emissions Stalled Last Year — Thanks to the U.S.

By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
By
Geoffrey Smith
Geoffrey Smith
Down Arrow Button Icon
March 17, 2017, 2:28 PM ET
Donald Trump
FILE- In this May 5, 2016 photo, Coal miners wave signs as Republican presidential candidate Donald Trump speaks during a rally in Charleston, W.Va. Trump's election could signal the end of many of President Barack Obama's signature environmental initiatives. Trump has said he loathes regulation and wants to use more coal and expand offshore drilling and hydraulic fracturing. (AP Photo/Steve Helber, File)Steve Helber—AP

The U.S. could be giving up on tackling climate change just as it starts to have a real impact on greenhouse gas emissions.

As the administration of President Donald Trump gets ready to scrap many of the rules introduced by Barack Obama that pushed the country towards adopting cleaner energy, the Paris-based International Energy Agency published data showing that Obama’s policies – helped by market forces – had a drastic impact on U.S. emissions of carbon dioxide last year – so large, in fact, that they stopped CO2 global emissions rising.

The IEA said in a report published Friday that global CO2 emissions from the energy sector were flat for the third straight year in 2016, thanks in large measure to an 11% drop in coal demand at U.S. power stations. That’s because new power stations fueled by dirt-cheap shale gas have been replacing aging coal-fired ones in recent years. For the first time ever in 2016, they generated more electricity last year than coal-fired plants.

The transition to cleaner energy is happening more quickly than expected. Souce: IEA

Trump’s promise to revive the coal industry helped him sweep Midwestern states where the decline of the industry has left high unemployment and resentment of coastal elites. And he has already killed an Obama-era rule that would have stopped companies from dumping mine waste in streams. But it’s unclear how much further he’s willing to rewrite the U.S. energy market’s rules to support coal.

The ‘stream protection rule’ itself is little more than a footnote to the industry’s problems. Research by Cambridge, Mass.-based Industrial Economics for the federal government showed that it would have a minimal short-term impact on jobs in the short term and none at all in the long run (see the chart below).

The truth is that any effort to defend jobs in the coal sector will only stop jobs being created in other areas of the energy complex with more of a future. According to figures from the Energy Department, only 86,035 Americans were employed last year in mining coal and turning it into electricity. For comparison, employment in the solar industry rose 25% to 370,000, while the wind-energy workforce rose 32% to 101,738. Even if those figures are inflated by various state-level subsidy programs, the trend is clear: renewables is where the jobs are.

And to make matters worse for the coal sector, Trump committed himself equally to promoting the very shale industry that has been putting it out of business, having said on inauguration day in his ‘America First Energy Plan’ that “the Trump Administration will embrace the shale oil and gas revolution to bring jobs and prosperity to millions of Americans.”

The Energy Information Administration in Washington expects coal output to rebound by 4% this year, as rising gas prices will improve coal’s competitive position. But by 2018, it expects coal’s share of the fuel mix to fall back to 30%, where it was in 2016.

As such, the EIA expects the fall in U.S. CO2 emissions to slow to 0.2% this year (although the warm winter may lead to a somewhat bigger drop).

More broadly, the IEA also pointed out Friday that China’s emissions only grew by 1% last year, despite electricity demand rising 5.4%. Beijing, too, is investing more in renewable energy sources ($360 billion between 2016-2020 alone). Although China has signed up to the Paris accord on Climate Change, which aims to stop global temperatures rising by more than 2º Celsius from pre-industrial levels, its primary concern is with cutting pollution, which has reached crisis levels in many of its cities.

 

 

 

 

 

 

About the Author
By Geoffrey Smith
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Current price of silver as of Thursday, June 4, 2026
Personal Financesilver
Current price of silver as of Thursday, June 4, 2026
By Joseph HostetlerJune 4, 2026
2 hours ago
60
Arts & EntertainmentMedia
‘My first response is, it started in 1968 — not a bad run’: Some see the death of 60 Minutes after Pelley’s firing, ‘murder’ comments
By Jocelyn Noveck and The Associated PressJune 4, 2026
2 hours ago
Current price of gold as of June 4, 2026
Personal Financegold prices
Current price of gold as of June 4, 2026
By Danny BakstJune 4, 2026
2 hours ago
worm
HealthFood and drink
Flesh-eating fly found in Texas cattle for first time in decades
By The Associated PressJune 4, 2026
2 hours ago
sb
LawWhite House
Scott Bessent on whether Trump is immune from IRS audits: ‘I’m unable to comment on ongoing litigation’
By Fatima Hussein and The Associated PressJune 4, 2026
2 hours ago
gg
MPWphilanthropy
Melinda French Gates launches menopause initiative with $215 million pledge
By Glenn Gamboa and The Associated PressJune 4, 2026
2 hours ago

Most Popular

Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
Cybersecurity
Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on 'egregious violations' of privacy
By Sasha RogelbergJune 3, 2026
1 day ago
CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it
Success
CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it
By Orianna Rosa RoyleJune 4, 2026
8 hours ago
Current price of oil as of June 3, 2026
Personal Finance
Current price of oil as of June 3, 2026
By Joseph HostetlerJune 3, 2026
1 day ago
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
Environment
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
3 days ago
Southwest exec says the free bag and assigned seating overhaul is already paying off
Travel & Leisure
Southwest exec says the free bag and assigned seating overhaul is already paying off
By Preston ForeJune 2, 2026
2 days ago
A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history
Startups & Venture
A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history
By Shawn TullyJune 4, 2026
8 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.