- U.S. coal production and exports are rising
- This is because of market forces, not President Donald Trump’s policies
- His threats to pull out of the Paris deal will not derail emissions reductions goals
- Looser regulations and higher LNG exports, however, could benefit Europe
An increase in coal production in the United States has coincided with President Donald Trump’s so-called “America First” policies in the energy sector. However, coal’s comeback is the result of market forces, not politics. Mr. Trump’s shunning of the Paris climate deal and global efforts to reduce carbon emissions will likely only have a limited impact on future climate change policies. Nevertheless, his support for fossil fuels could have larger global implications, some of them beneficial for Europe.