What to know about the world's great climate collapse

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illuminem summarises for you the essential news of the day. Read the full piece on Axios or enjoy below:

🗞️ Driving the news: The global climate agenda is facing a dramatic setback, with key leaders, including President Trump, retreating from climate ambitions
• The U.S. has withdrawn from the UN climate treaty, marking the country as the only one not part of this essential global pact
• Simultaneously, Europe has scaled back some of its climate goals, and major figures in both the political and business arenas are shifting their focus away from climate change

🔭 The context: This shift in climate focus comes amid a broader retreat from the “net zero by 2050” target, with major corporations and nations adjusting their climate strategies
• While some setbacks, like the EU's revised car emissions target or the U.S. venture capital drop, signal less aggressive action, parts of the cleantech sector, especially nuclear power, continue to receive substantial investment

🌍 Why it matters for the planet: The collapse in climate ambition threatens the global fight against climate change, potentially delaying critical emissions reductions
• Though some industries are adjusting their focus to cleaner technologies, such as nuclear, the shift away from aggressive policies could exacerbate global warming and hinder future progress

⏭️ What’s next: Climate remains a focal point at the World Economic Forum in Davos, where discussions will center on prosperity within planetary boundaries and navigating global cooperation amid geopolitical tensions

💬 One quote:  “We’re going to have to figure out how to move forward on climate in a world that's more multi-polar than it has been in a long time,” said Nat Keohane, president of the Center for Climate and Energy Solutions

📈 One stat: 50% drop in global venture capital investment in climate and cleantech from 2021 to 2025

See on illuminem's Data Hub™ the sustainability performance — carbon credit purchases, total emissions, and climate targets of thousands of companies

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