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.

Notably, Indian companies have emerged as leaders in the transition. Firms like Tata Steel and Mahindra, both part of global CEO alliances, are advancing emissions reduction through supplier engagement, renewable energy procurement, and sustainable supply chain management. Meanwhile, ReNew, a leading renewables and decarbonization solutions company, has maintained carbon neutrality for its direct operations for two consecutive years.

Across the globe, the integration of clean technologies, electrification, and renewables is shaping an increasing part of the industrial landscape. Global clean energy investment exceeded $2 trillion in 2024, surpassing fossil fuels for the first time, with renewables now the primary source of new electricity generation worldwide. Collaborative mechanisms, such as the World Economic Forum's First Movers Coalition, are further reinforcing this progress by aggregating global demand for green technologies.