French President Emmanuel Macron's environmental appointee, Nicolas Hulot, has his eyes set on quite a goal for the country in 2040. Over the next 33 years, France is planning to become carbon neutral by banning the market of fossil fuel vehicles which make up 96.5% of the French market. This announcement has caused a stir in many of France's main manufacturing brands, who now plan to accelerate their plans of at least a hybrid model if they haven't already done so. However, in order for the country to become completely carbon neutral, it'll be more than just vehicles - electricity generation and other carbon activities will have to find alternatives. This all comes in an effort to further support the Paris Climate Accord as well as the explicit statement that President Trump's decision to withdraw was a key factor in this plan's development.
Mr. Down to Business
President Trump has been the center of the media's attention for quite some time now; however, there's one thing he has yet to do - back down on hardly any of his promises made on his road to election. As widely-known, the President comes from a deeply rooted business background without any formal political education (he received his Bachelor of Science in Economics from the University of Pennsylvania). His business-driven acumen has largely served as the foundation in developing his agenda and guiding his decisions both here at home and abroad.
Most recently, President Trump made the decision to pull the United States out of the Paris Climate Accord, a consolidated effort across member countries to reduce the impact on global warming. Granted, this was a bold political move (which aligns with much of his days in presidency), this also stays true to his goal of bringing jobs back to America, in particular for the manufacturing industry. Additionally, the most recent unemployment data released today, shows numbers are at an all-time low (4.3%) over the past 16 years. This has sparked conversations of raising interest rates due to higher employment as well as discussions of reaching labor capacity.
Whether President Trump was a personal choice or not, the man should be applauded for getting things done and gaining momentum towards an improved economy overall.