Why it matters: While the energy spike caused by the Iran war is a big deal, some analysts stress that the main takeaway of the bond market's recent turn should be that the U.S. economy is simply far stronger than many previously thought.
States still have powerful energy and technology tools to cut emissions, but the path is getting harder as the Trump administration retreats from climate action and a key global warming threshold slips out of reach.
Why it matters: A UN report maps out what's needed now that a long-term breach of the Paris Agreement's 1.5°C goal is considered unavoidable — making rapid emissions cuts critical to limiting how high temperatures rise and for how long.
