5ws5ad6z}9p87{nz}d0w2mq2_media_dl_1.png Bloomberg Economics

(Bloomberg) — The world has reached a hinge moment in the energy transition. Leaps in technology are making it possible to cut emissions faster and more cheaply than ever. At the same time, US President Donald Trump is reversing efforts to decarbonize the world’s second- biggest polluter.

Drawing on scenarios built using a detailed model of the global economy and energy system, combined with input from energy research group BloombergNEF, we assess what Trump’s policy pivot means and what happens if other leaders follow his example.

• Assuming everyone else stays the course, the US economy gains from backing out of the transition. By 2050, gross domestic product is 0.8% higher than it would otherwise have been. But decarbonizi

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