Davos Elite See Trump Among Hurdles for Green Growth in 2024
Elections in big economies such as the US, Mexico and Indonesia, and the global climate summit being held once again in a petrostate has business leaders unsure if the energy transition will accelerate this year.
Former US President Donald Trump speaks during a campaign event in Portsmouth, New Hampshire on Jan. 17, 2024.
Photographer: Adam Glanzman/BloombergExpectations of more extreme-weather events, alongside the possibility of Donald Trump’s election as US president, set the tone for discussions on tackling climate change at the World Economic Forum in Davos, Switzerland.
The outcome at COP28 in Dubai in December, where all countries agreed to transition away from fossil fuels, should have provided a positive outlook for the rich and powerful to discuss the prospects of reducing greenhouse-gas emissions. Yet, potential leadership changes in big economies, including the US, Mexico and Indonesia, made corporate bosses wary they may be losing crucial policy support for doubling down on the energy transition.