In the article in the url below, which was used to frame this week's COP30 meeting in Brazil, the goal was to present a more positive spin on where we are at, in the face of some pretty clear headwinds:
"The US is now exiting [the COP21, Paris] agreement for a second time, with President Donald Trump calling climate change a 'hoax' and clean energy a 'scam.' Fewer heads of state are bothering to attend this year. Wall Street is walking back from past net-zero promises, and far fewer financial and business leaders are expected to turn up in the Amazonian city of Belém to participate in the summit."
In spite of this, the article draws on data to highlight the upward trend:
"The answer to the existential angst is in the data. Over $10 trillion flowed into the clean energy transition between 2014 and 2024, with a record $2 trillion spent last year in everything from renewable power to battery storage, cleaner shipping and grids. … That's hardly a snapshot of stasis."
Nevertheless, the chart that accompanied the article illustrates the gap between where we are and where we need to be:
And, to be clear, the projected green bars are annual investments — i.e., $5.5 trillion a year, from 2025-2030. The conclusion:
"Yes, the Paris goal to keep warming close to a 1.5C increase from pre-industrial times is now dead. But a worst-case scenario of 4C warming by the end of the century is no longer a likely outcome. The world is heading for warming of 2.8C by 2100, according to a new UN report."
And, remember, this was intended to be an encouraging story.
Take care
David
David Chandler
Strategic Corporate Social Responsibility: Sustainable Value Creation (6e)
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Teh trillion dollar reason COP still counts
By Laura Millan
November 5, 2025
Bloomberg Newsletter
https://www.bloomberg.com/news/newsletters/2025-11-05/what-the-initial-signs-of-climate-success-look-like
