G20

Expert Commentary: outlook on G20 summit

Some experts suggest that environmental regulations, such as the US decision to quit the Paris Climate Agreement, are likely to have a zero impact on the US economy. Do you share this point of view? Why?

It depends on a period of time that you are talking about. I think that in the long run it has a negative impact. I believe that the energy sector, especially alternative energy sources, hold tremendous opportunities for economic growth. If the US is not going to push in that direction, then other counties will take that growth away. Thus, I think that within the next two years there may be no effect, but, going forward, it has a negative impact on the US economy.

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