<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i1cx8jPJtYHQ/v11/-1x-1.png"><figcaption><div><p>Source: Bloomberg, 22:39</p></div><div></div></figcaption></figure><p>With President Donald Trump back in office, the US is leaving the Paris Agreement for the second time. Unlike in 2017, this withdrawal is set to have more lasting consequences, Akshat Rathi tells producer Mythili Rao. Meanwhile, even as the US gives up its climate leadership, China&#x2019;s focus on clean energy is growing. A new report from BloombergNEF finds that global investment in the energy transition surpassed $2 trillion for the first time in 2024, with China driving two thirds of that growth. BNEF Deputy CEO Albert Cheung shares the report&#x2019;s highlights, and reflects on the role international competition will play in this next phase of reaching net zero.</p>

With President Donald Trump back in office, the US is leaving the Paris Agreement for the second time. Unlike in 2017, this withdrawal is set to have more lasting consequences, Akshat Rathi tells producer Mythili Rao. Meanwhile, even as the US gives up its climate leadership, China’s focus on clean energy is growing. A new report from BloombergNEF finds that global investment in the energy transition surpassed $2 trillion for the first time in 2024, with China driving two thirds of that growth. BNEF Deputy CEO Albert Cheung shares the report’s highlights, and reflects on the role international competition will play in this next phase of reaching net zero.

Zero: Clean Energy Spend at $2 Trillion, Led By China

Hub Poster

Understand every aspect of the global economy – and know how to make your next move.