"A decade-long effort to steer the world away from the most severe impacts of climate change has seemingly flunked its most ambitious target and seen green momentum crumble.

Yet an influx of at least $10 trillion in clean technology investment is offering promise that progress can still rapidly accelerate.

Since the Paris Agreement was finalized in 2015 and triggered a wave of climate commitments from governments, companies and Wall Street, a combination of spluttering global growth, a rush for energy security and the backlash against science under US President Donald Trump has slowed, and threatened to reverse, the push to decarbonize."

Laura Millan and Rachael Dottle report for Bloomberg November 4, 2025. [2]