To retain a chance of limiting global warming to 1.5°C, global emissions must decrease by around 7% annually until 2030 – but they are still increasing by 1.5% today.

The Bold Measures to Close the Climate Action Gap: A Call for Systemic Change by Governments and Corporations report calls for systemic actions from corporates and governments. The report, following COP28’s commitments, outlines the urgency and necessity of drastic action from both governments and corporations to combat climate change effectively and deliver on commitments. It emphasizes the need for governments to level the playing field for green solutions and proposes practical ways for companies to achieve outsized impact in their ecosystems.

The guide urges leaders to pursue systemic actions, including decarbonizing supply chains, disrupting markets with green alternatives and encouraging industry-wide collaborations. These bold, decisive actions are crucial for a just transition and to prevent further catastrophic warming.