The latest data point to a difficult contradiction: clean-energy deployment is accelerating, but global energy-related emissions still reached a record in 2025. Extreme Weather Raises CostsThe European wildfire season illustrates how physical climate risks can translate into financial losses. The IEA estimates that global renewable capacity additions reached 800 GW in 2025, up 16% from the previous year. Yet this progress has not translated into an outright fall in global emissions. India’s Energy Balancing ActIndia’s position is particularly important because it has to expand energy access and electricity supply while lowering emissions intensity.