The new US administration has issued an order to resume processing export permit applications for new US LNG projects. The executive order reverses a pause on permits for new projects that the previous US administration put in place in January 2024. The pause was originally implemented to allow the US to study the environmental and economic effects of the increasing LNG export industry.
In addition, the new Trump administration signed an executive order withdrawing the US from the Paris Climate Agreement, for a second time. Trump had already withdrawn the country from the Agreement in 2017, during its first term, but the US had rejoined the Agreement under the Biden administration in 2021.
In December 2024, the Biden administration had unveiled a new Nationally Determined Contribution (NDC) under the Paris Agreement, which set a new greenhouse gas (GHG) reduction target of between 61% and 66% in 2035, compared to 2005 levels.
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