Trump vs Climate Change: What Does it Mean

Jupiter Ecoolgy fund manager Charlie Thomas on the disappointing news that Trump has decided to withdraw the US from the 2015 Paris climate agreement 

Jupiter Asset Management 2 June, 2017 | 4:01PM
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Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Jupiter Ecology Fund manager Charlie Thomas reflects on Donal Trump's decision to withdraw the US from the Paris agreement.

While Trump’s decision to follow through on his election pledge to withdraw the US from the 2015 Paris climate agreement has been well-signalled over recent months, it is nevertheless disappointing, if not dubious, for the focus of his reasoning to be one of protecting US jobs. Given the pace of progress we have seen globally in low-carbon solutions, from electric vehicles technology to renewable energy generation, our inclination is that this decision, if anything, puts US job creation under greater pressure in the long-term.

From an investment perspective, we are monitoring closely the dynamic within the US and how it may impact companies focused on developing sustainable solutions to the ever-increasing pressure on our natural resources such as water, land and energy. We can take as an example the US Federal Fuel economy standards, a key mechanism for de-carbonising US vehicle fleets and by extension, a structural driver for opportunities in sustainable transport technologies and services.

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Jupiter Asset Management  Jupiter Fund Management is a UK fund management group, managing equity and bond investments for private and institutional investors.