Mood: The mood of the video appears to be romantic and celebratory, likely tied to a New Year's theme as indicated by the 'HAPPY NEW YEAR' text. The emotions conveyed are joy, love, and togetherness, suggesting a song that is both a romantic ballad and a festive anthem.

Environment: The setting seems to be an urban or modern backdrop, possibly during the evening or nighttime, given the dimmed surroundings that contrast with the vibrant colors of the couple's clothing and the overlaying graphics. The focus is on the couple, suggesting an intimate or private setting despite the urban background.