Earth recently experienced its hottest year on record, causing severe climate-related disasters. Despite this, there is progress in climate change mitigation, with record installations of solar panels in China and a surge in electric vehicle sales.

A report by Climate Analytics suggests there's a 70% chance emissions will start falling by 2024 if current trends persist. US emissions are declining, and even political actions like those in a potential second Trump administration are expected to only slow, not reverse, this trend. While global fossil fuel demand might still increase, the possibility of reversing the emissions trend is now seen as achievable in the near future.