Germany Says Trump’s Plan to Scrap Climate Deal a ‘Disaster’

  • U.S is world’s second biggest renewables market after China
  • German companies have profited from U.S. clean energy policies

A senior Germany official said “it would really be a disaster” if Republican presidential contender Donald Trump scrapped the U.S.’s commitment to the Paris climate deal after winning the election in November.

Countries all around the world are working to cut greenhouse-gas emissions, so the U.S. unilaterally departing the pact wouldn’t boost its economy, said Thorsten Herdan, director general for German’s Ministry for Economic Affairs and Energy, at the Clean Energy Ministerial in San Francisco.

Trump has publicly questioned the science behind climate change and pledged to cancel the deal negotiated in Paris in December by almost 200 countries, which called for steps to rein in fossil-fuel pollution blamed for damaging the atmosphere. He also branded as “stupid” President Barack Obama’s “draconian” rules aimed at closing down the most dirty power plants and blocking the construction of new ones.

Thorsten’s comments echo those of U.S. Energy Secretary Ernest Moniz earlier Tuesday, who said in an interview with CNBC that the U.S. “would be foolish” to miss the boom in clean energy.

The U.S. is the world’s second-biggest renewable energy market, after China, according to Bloomberg New Energy Finance. The number of U.S. jobs in solar energy overtook those in oil and natural gas extraction for the first time last year, according to the International Renewable Energy Agency. 

German turbine makers including Nordex SE have profited from the U.S. wind production tax credit, while Solarworld AG, was the third biggest module seller in the U.S. last year.