With Europe pulling back and the US preparing to exit the Paris Agreement for a second time, COP30 meets in Brazil as global climate goals face a serious reality check. Michelle Evans and Bruce McIndoe examine who's actually leading on climate now that usual powerhouses are stepping away, and what happens as the 1.5°C target moves out of reach. We'll explore how AI's massive energy appetite conflicts with climate commitments, why the insurance crisis is reshaping coastal markets, and whether we're witnessing a temporary setback or a permanent shift in how the world approaches climate action.