As only Axios could describe the shock.

The climate agenda’s fall from grace over the past year has been stunning — in speed, scale and scope.

Why it matters: Whether this collapse in climate-change ambition proves permanent or temporary will shape the planet — which is still warming in unprecedented ways — and trillions of dollars in global energy investment.

Driving the news: President Trump last week announced that he’s withdrawing from the world’s flagship climate treaty that’s been in place for more than 30 years, making the U.S. the only country not to be part of it.

Australian journalist and author Peter Clack weighed in with some terrific posts about the reality of the climate change agenda.

The real source of Axios’s frustration is the U.S. declaring that it refuses to turn into yet another warning story for others. But what truly infuriates the media overall is that the stream of money has finally been cut off. Researchers are being ousted from the self-interested climate science racket, where the constant chase for grants just breeds an even greater hunger for more.

That climate funding rested on faulty premises, flawed simulations, erroneous forecasts, and unrealistic targets. Shutting it down stands as one of the most notable triumphs of Trump’s second term in office.