Sao Paulo, Nov. 15 -- US withdrawal from the climate talks has definitely led to disruption in the global markets on the issue of energy transition. But contemporary energy transition now rests on a foundation broader than the actions of any single nation. Advances in technology, falling costs, and robust demand is leading to rise in electrification and renewables in both advanced and emerging economies, says Pim Valdre, head of climate and nature economy, World Economic Forum. This may lead to success at COP30 in an otherwise difficult year.

Excerpts from interview:

1. After the US withdrawal from the Paris Agreement, how is industry responding to climate goals? Are there notable shifts in direction?

The global context that followed t...