Here's your Forbes Daily Briefing for Sunday, November 17th.

Today on Forbes, why billionaire investor Tom Steyer is bullish on clean energy under Trump.

President-elect Donald Trump pulled the U.S. out of the Paris Climate Accords in 2017,

slowing global efforts to fight a climate crisis he's called a hoax,

and has repeatedly promised to, quote, drill baby drill when he returns to office,

claiming more production of planet warming, oil, and gas, will solve persistent inflation woes.

But don't count out the clean power industry just yet.

Billionaire investor Tom Steyer is betting that renewable power and the clean tech sector are going to be just fine,

regardless of Trump's fixation on hydrocarbons.

And he plans to continue to use the $1 billion his firm galvanized climate solutions has raised

and future investments to back

companies with advantages in areas like cost-competitive low-carbon cement, ag technology that

helps farmers improve efficiency and sustainability, energy management software, as well as cheap, continuous

geothermal power from companies like Fervo Energy.

Steyer told Forbes, quote,

Texas has tripled their solar in the last three years and is by far the biggest wind producer.

Are they doing it because they like renewables or because they like money?

I think it might be because they like money.

And so does everybody else.

People are making decisions for cheaper,

faster, better. That's the decision, not politics. Nearly a quarter of U.S. electricity now comes from renewables. Rapid growth that's accelerated under the Biden administration has limited,

if not significantly reduced, the country's carbon emissions in the past few years,

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