Global investments in renewable energy reached a new record of more than $700 billion in 2024, according to Bloomberg New Energy Finance. But this year has brought uncertainty and challenges on many fronts, perhaps most notably from the new Trump administration. The good news is that uncertainty is something the sector is used to, says Jérôme Guillet, co-founder of renewables advisory firm Snow, and there are many bright spots. At a time when oil and gas firms continue to roll back on their clean energy objectives, Guillet – who also writes a blog where he shares his views on energy policy and industry developments – explains why this is not a bad thing and he outlines how other major players like utilities are faring in the space. Other key topics include the potentially overestimated role of new nuclear, decarbonisation in hard-to-abate sectors, and to what extent sustainable finance regulations help drive green investment.