Trump’s Energy Ideas Impact the Entire World

In Economy, Paul Krugman On
- Updated

Donald Trump has two false beliefs about energy, one personal, one political. And the latter may send the world on a path to disaster.

On the personal side, Trump reportedly disdains exercise of any kind except golf. He believes that raising a sweat depletes the finite reserves of precious bodily fluids, I mean energy, that a person is born with, and should therefore be avoided.

Many years of acting on this belief may or may not explain the weird and embarrassing scene at the G-7 summit in Taormina, in which six of the advanced world’s leaders strolled together a few hundred yards through the historic city, but Trump followed behind, driven in an electric golf cart.

More consequential, however, is Trump’s false belief that lifting environmental restrictions — ending the supposed “war on coal” — will bring back the days when the coal-mining industry employed hundreds of thousands of blue-collar Americans.

How do we know that this belief is false? For one thing, coal employment began falling long before anyone was talking much about the environment, let alone global warming. In fact, coal jobs fell by two-thirds between 1948 and 1970, the year the Environmental Protection Agency was founded. This happened despite rising, not falling, coal production, mainly reflecting the replacement of old-fashioned pick-and-shovel mining with strip-mining and mountaintop removal, which require many fewer workers.

It’s true that in the past few years coal production has finally begun to fall, in part due to environmental rules. Mainly, however, coal is fading because of progress in other technologies. As one analyst put it last week, coal “doesn’t really make that much sense anymore as a feedstock,” given the rapidly falling costs of cleaner energy sources like natural gas, wind and solar power.

. . .

Now, maybe Trump won’t really pull the plug on Paris; or maybe he’ll be gone from the scene before the damage is irreversible. But there’s a real possibility that last week was a pivotal moment in human history, the moment when an irresponsible leader sent the whole world careening off to hell in a golf cart.

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