As President-elect Donald Trump's transition team prepares executive orders to withdraw from the Paris climate agreement, scientists confirm that 2024 is not only the hottest year on record but the first year to exceed the Paris agreement threshold, a global pledge by 195 nations to work to keep warming under 1.5 degrees.Withdrawing from the Paris agreement is like withdrawing from any other international security pact, like NATO. It's that serious.
Solar and wind installations are witnessing record highs, as prices drop precipitously, and they're now the fastest growing electricity sources in history. International investment in clean energy will continue to rise as China and European Union nations ratchet up clean energy portfolios and shutter fossil fuel infrastructure.The Paris accord, and the market trends it guarantees, is making this boon possible and could further profit American corporate pocketbooks.