Following President Trump's inauguration, his administration quickly reversed the U.S. commitment to the Paris Climate Agreement, which had aimed to combat climate change. This withdrawal, seen by Trump as aligning with economic interests, threatens long-term stability, particularly in housing affordability. A 2024 Data for Progress poll revealed 76% of Americans see housing affordability as a pressing issue. The crisis is exacerbated by climate change and is acutely felt in Black communities, where residents disproportionately bear higher housing costs and are less likely to secure stable, affordable homes.
The rollback of America's climate change mitigation efforts contradicts the long-term economic benefits of the Paris Agreement, particularly regarding housing affordability and stability for Americans.
Over the past two decades, housing demand in the U.S. has outpaced supply, driving costs up significantly, compounded by climate change, which magnifies the housing crisis.
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