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Home / Business and Economy / Businesses Accelerate Renewable Transition as US Exits Climate Talks

Businesses Accelerate Renewable Transition as US Exits Climate Talks

15 Nov

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Summary

Over 100 countries cut fossil fuel imports, saving $1.3 trillion since 2010
Global clean energy investment exceeded $2 trillion in 2024, surpassing fossil fuels
Indian firms like Tata Steel and Mahindra lead in emissions reduction and sustainability

Businesses Accelerate Renewable Transition as US Exits Climate Talks

As of November 15, 2025, the global energy transition continues to progress despite the United States' withdrawal from the Paris Agreement in 2017. While the US decision initially prompted international reflection on the future of global climate collaboration, the broad support for decarbonization has endured, driven by an increasingly diverse coalition of businesses, governments, and civil society actors.

More than 100 countries have reduced fossil fuel imports as renewables become more competitive, generating an estimated $1.3 trillion in savings since 2010. This trend is expected to accelerate further in the coming years, with the International Energy Agency anticipating a rapid expansion of renewable energy. Sectors ranging from energy and technology to industry have maintained or even raised their climate ambitions, investing in innovation and transparency.