Since the start of Donald Trump’s second term, the US government has been unequivocal about withdrawing from major climate commitments internationally and at home. One result is that American private businesses – representing 88 per cent of the world’s largest economy and which have spent years embedding the clean energy transition into their strategies – now face strong headwinds.
But as many of the country’s business leaders have told me in the run-up to Climate Week NYC, organized by Climate Group of which I am chief executive, maintaining climate strategies is essential for global competitiveness and for preventing China dominating the technological race to lead the energy transition.
