<p>特朗普政府正在准备大规模撤销美国气候监管，颠覆排放规则，并重塑能源、汽车和清洁技术市场的前景。</p>
<p>《华尔街日报》（需付费订阅）报道。</p>
<p>摘要：</p>
<ul>
<li>特朗普政府计划废除 2009 年的 “危害发现”，这是美国温室气体监管的法律基础。</li>
</ul>
<ul>
<li>此举将取消对机动车辆及相关合规程序的联邦排放要求。</li>
</ul>
<ul>
<li>这一撤销代表了迄今为止美国气候政策最广泛的放松监管。</li>
</ul>
<ul>
<li>化石燃料和传统能源行业预计将受益，而清洁能源和电动车相关行业面临新的挑战。</li>
</ul>
<ul>
<li>法律挑战可能会出现，这可能导致公司面临长期的监管不确定性。</li>
</ul>
<p>特朗普政府准备废除 2009 年的 “危害发现”，这一具有里程碑意义的科学认定认为温室气体对公共健康构成威胁，这将成为美国气候监管历史上最重大的逆转。</p>
<p>该发现作为《清洁空气法》下联邦温室气体规则的法律基础，使环境保护局能够监管发电厂的排放，并对机动车辆施加燃油效率和排放标准。其废除将剥夺一系列气候相关法规的法律基础。</p>
<p>根据政府官员的说法，撤销的初步重点将放在机动车辆排放上。计划中的变更将取消对车辆温室气体排放的测量、报告和认证要求，以及相关的合规程序、排放信用和报告义务。虽然对发电厂和其他固定源的规则不会立即受到影响，但分析师指出，废除该发现可能为未来更广泛的放松监管铺平道路。</p>
<p>政府还预计将指示国防部从燃煤发电厂采购电力，进一步强调化石燃料作为经济和国家安全支柱的重要性。官员们认为，放宽环境监管将降低能源成本，并减少行业的合规负担。</p>
<p>从市场角度来看，分析师表示，此举对化石燃料生产商、燃煤公用事业公司以及在排放标准收紧中挣扎的传统汽车行业的某些部分显然是积极的。石油和天然气公司、炼油厂和管道运营商也被认为将从更宽松的监管环境中受益。</p>
<p>相反，清洁能源开发商、电动车制造商以及与排放合规相关的供应商可能面临重新出现的不确定性。分析师警告称，联邦标准的放松可能会减缓对可再生能源和电动车基础设施的投资，特别是在美国市场，即使全球竞争对手仍在更严格的国外监管下运营。</p>
<p>预计这一撤销将面临来自环保组织的法律挑战，可能导致数年的诉讼。在此期间，执法可能会减弱，造成各州规则的拼凑和公司在国家或全球范围内的监管不确定性。</p>
<p>总体而言，分析师表示，这一决定标志着美国气候政策的决定性转变，对资本配置、能源市场以及传统与低碳产业之间的竞争平衡产生深远影响。</p>

全球清洁能源 ETF - iShares

<p>特朗普政府计划废除 2009 年的 “危害发现”，这是美国温室气体监管的一个关键法律基础，这标志着气候政策的重大回退。这一举措将取消联邦对车辆的排放要求，惠及化石燃料行业，同时给清洁能源和电动车行业带来挑战。分析师预测将面临法律挑战和长期的监管不确定性，这可能会减缓对可再生能源的投资。该决定标志着美国气候政策的重大转变，影响能源市场以及传统行业与低碳行业之间的竞争格局</p>

<p>The Trump administration is preparing a sweeping rollback of US climate regulation, upending emissions rules and reshaping the outlook for energy, autos and clean-tech markets.</p>
<div class="lb-trans"><p>特朗普政府正在准备大规模撤销美国气候监管，颠覆排放规则，并重塑能源、汽车和清洁技术市场的前景。</p>
</div><p>Wall Street Journal (gated) with the report.</p>
<div class="lb-trans"><p>《华尔街日报》（需付费订阅）报道。</p>
</div><p>Summary:</p>
<div class="lb-trans"><p>摘要：</p>
</div><ul>
<li>The Trump administration plans to repeal the 2009 “endangerment finding,” the legal foundation for US greenhouse-gas regulation.</li>
</ul>
<div class="lb-trans"><ul>
<li>特朗普政府计划废除 2009 年的 “危害发现”，这是美国温室气体监管的法律基础。</li>
</ul>
</div><ul>
<li>The move would remove federal emissions requirements for motor vehicles and related compliance programs.</li>
</ul>
<div class="lb-trans"><ul>
<li>此举将取消对机动车辆及相关合规程序的联邦排放要求。</li>
</ul>
</div><ul>
<li>The rollback represents the most sweeping deregulation of US climate policy to date.</li>
</ul>
<div class="lb-trans"><ul>
<li>这一撤销代表了迄今为止美国气候政策最广泛的放松监管。</li>
</ul>
</div><ul>
<li>Fossil fuel and traditional energy sectors are expected to benefit, while clean energy and EV-linked industries face new headwinds.</li>
</ul>
<div class="lb-trans"><ul>
<li>化石燃料和传统能源行业预计将受益，而清洁能源和电动车相关行业面临新的挑战。</li>
</ul>
</div><ul>
<li>Legal challenges are likely, potentially creating prolonged regulatory uncertainty for companies.</li>
</ul>
<div class="lb-trans"><ul>
<li>法律挑战可能会出现，这可能导致公司面临长期的监管不确定性。</li>
</ul>
</div><p>The Trump administration is set to repeal the 2009 “endangerment finding,” a landmark scientific determination that greenhouse gases pose a threat to public health, in what would amount to the most significant reversal of US climate regulation on record.</p>
<div class="lb-trans"><p>特朗普政府准备废除 2009 年的 “危害发现”，这一具有里程碑意义的科学认定认为温室气体对公共健康构成威胁，这将成为美国气候监管历史上最重大的逆转。</p>
</div><p>The finding has served as the legal foundation for federal greenhouse-gas rules under the Clean Air Act, enabling the Environmental Protection Agency to regulate emissions from power plants and impose fuel-efficiency and emissions standards on motor vehicles. Its removal would strip away the legal basis for a wide range of climate-related regulations.</p>
<div class="lb-trans"><p>该发现作为《清洁空气法》下联邦温室气体规则的法律基础，使环境保护局能够监管发电厂的排放，并对机动车辆施加燃油效率和排放标准。其废除将剥夺一系列气候相关法规的法律基础。</p>
</div><p>According to administration officials, the initial focus of the rollback will be on motor vehicle emissions. Planned changes would eliminate requirements for measuring, reporting and certifying greenhouse-gas emissions from vehicles, along with associated compliance programs, emissions credits and reporting obligations. While rules governing power plants and other stationary sources would not be immediately affected, analysts note that repealing the finding could pave the way for broader deregulation in the future.</p>
<div class="lb-trans"><p>根据政府官员的说法，撤销的初步重点将放在机动车辆排放上。计划中的变更将取消对车辆温室气体排放的测量、报告和认证要求，以及相关的合规程序、排放信用和报告义务。虽然对发电厂和其他固定源的规则不会立即受到影响，但分析师指出，废除该发现可能为未来更广泛的放松监管铺平道路。</p>
</div><p>The administration is also expected to direct the Defense Department to source electricity from coal-fired power plants, reinforcing its emphasis on fossil fuels as a pillar of economic and national security. Officials argue that easing environmental regulation will lower energy costs and reduce compliance burdens for industry.</p>
<div class="lb-trans"><p>政府还预计将指示国防部从燃煤发电厂采购电力，进一步强调化石燃料作为经济和国家安全支柱的重要性。官员们认为，放宽环境监管将降低能源成本，并减少行业的合规负担。</p>
</div><p>From a market perspective, analysts say the move is a clear positive for fossil-fuel producers, coal-fired utilities and segments of the traditional auto industry that have struggled with tightening emissions standards. Oil-and-gas firms, refiners and pipeline operators are also seen benefiting from a more permissive regulatory environment.</p>
<div class="lb-trans"><p>从市场角度来看，分析师表示，此举对化石燃料生产商、燃煤公用事业公司以及在排放标准收紧中挣扎的传统汽车行业的某些部分显然是积极的。石油和天然气公司、炼油厂和管道运营商也被认为将从更宽松的监管环境中受益。</p>
</div><p>Conversely, clean energy developers, electric vehicle manufacturers and suppliers tied to emissions compliance could face renewed uncertainty. Analysts warn that weaker federal standards may slow investment in renewables and EV infrastructure, particularly in the US market, even as global competitors continue to operate under stricter regimes abroad.</p>
<div class="lb-trans"><p>相反，清洁能源开发商、电动车制造商以及与排放合规相关的供应商可能面临重新出现的不确定性。分析师警告称，联邦标准的放松可能会减缓对可再生能源和电动车基础设施的投资，特别是在美国市场，即使全球竞争对手仍在更严格的国外监管下运营。</p>
</div><p>The rollback is expected to face legal challenges from environmental groups, potentially leading to years of litigation. During that period, enforcement could be scaled back, creating a patchwork of state-level rules and regulatory uncertainty for companies with national or global footprints.</p>
<div class="lb-trans"><p>预计这一撤销将面临来自环保组织的法律挑战，可能导致数年的诉讼。在此期间，执法可能会减弱，造成各州规则的拼凑和公司在国家或全球范围内的监管不确定性。</p>
</div><p>Overall, analysts say the decision marks a decisive shift in US climate policy, with profound implications for capital allocation, energy markets and the competitive balance between traditional and low-carbon industries.</p>
<div class="lb-trans"><p>总体而言，分析师表示，这一决定标志着美国气候政策的决定性转变，对资本配置、能源市场以及传统与低碳产业之间的竞争平衡产生深远影响。</p>
</div>

华尔街日报：特朗普将在大规模的监管回撤中废除具有里程碑意义的气候结论