By taking stock of the current state of climate policy, we conclude that both energy policy and the closely tied climate policy deserve an upgrade from level 1.0 to 2.0. There are many reasons which motivate this shift. International climate policy, despite the hailed Paris Agreement of 2015, is still lacking credible commitments. Only a last minute effort for ratifying this agreement before it entered into force saved the European Union from a disgraceful loss of face. Meanwhile, however, we observe record highs both in global temperatures and concentration of greenhouse gases in the atmosphere. In view of this rather shaky state of climate policy, we elaborate the proposition that decisions about energy and climate will be less forged by policy decisions but rather driven by disruptive innovations backed by business interests.