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Opinion / #fossil fuels
Despite political gridlock within countries and at global summits, climate change and ecological degradation are creating undeniable economic momentum. As renewables scale up, fossil fuels will become even less competitive; and as ecosystems degrade, markets will price in the risks and reward those who adapt.
Even as governments pour trillions of dollars into roads, power grids, data centers, water systems, and housing, the construction industry has yet to leverage the efficiency gains that AI and digitalisation have to offer. Given how important the sector will be for sustainable development, this must change.
China wants to lead the climate agenda on its own terms – exporting clean tech and influence, while sidestepping tougher cuts and accountability.
COP30 delivered gains on climate finance and forests but stalled on fossil fuel phaseout – exposing both the limits of consensus talks and the growing role of action outside negotiations.
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