BloombergNEF: The Pragmatic Climate Reset – Part I

Published 07 Aug 2025

It is seven months since Donald Trump was swept back to the White House in the US presidential election. Already the scale of Trump’s ambition to turn back the tide of clean energy and consolidate the U.S. dependency on fossil fuels has been made clear. And it is finding resonance around the world. 

Those who would build a clean energy future face a choice. They can either double down on their old narratives, press on with existing plans, and preach largely to the converted. Or they can refresh their offer. They can wind back historical over-reaches, address the legitimate concerns of voters, and come out fighting. 

I am going to make a strong case for a pragmatic climate reset in this first part. In Part II, I will lay out what it might entail. First, however, we need to have a conversation about where we are. With so many pundits and politicians explaining that the energy transition is nothing but a dream that is doomed to fail.  

I’m also going to explain why they are wrong, and why rumors of the death of the transition are greatly exaggerated. 

Read the full article here.