Why it matters: Several reports show a world falling far short of Paris Agreement goals — and project where things are headed without course corrections.
In a world where crucial resources — workers, electricity, housing and more — are in short supply, the globe is expected to have an abundance of at least one commodity: oil.
Why it matters: This new reality might keep a lid on consumer energy prices even as geopolitical strife intensifies. It could also wreak havoc on the longstanding economics that underpin oil production.
Donald Trump has said he wants to "terminate" spending on what he calls the Green New Deal, presumably referencing the Biden administration's signature Inflation Reduction Act, a major climate law.
Why it matters: Pulling back that money would require congressional action — not a given, as the IRA's popularity has grown — and it could result in lost jobs, unfinished factories, and a costly mess for many businesses and states that are counting on those funds.
