The State of Climate Action: Major Course CorrectionNeeded from +1.5% to −7%Annual EmissionsW H I T E P A P E RN O V E M B E R 2 0 2 3In collaboration with Boston Consulting GroupImages: Getty Images© 2023 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.ContentsForewords 3Executive summary 41. Without much more dramatic action, 1.5°C will slip out of reach 52. National commitments and policies are still widely insufficient 83. Corporate climate action is progressing far too slowly 104. Green technologies and infrastructure are not scaling fast enough 125. The climate funding gap remains enormous 146. Mitigation action needs to drastically step up 16Conclusion 17Contributors 18Endnotes 19The State of Climate Action: Major Course Correction Needed from +1.5% to −7% Annual Emissions2ForewordsPim Valdre Head of Climate Ambition Initiatives, World Economic ForumPatrick Herhold Managing Director and Senior Partner, Center for Climate and Sustainability, Boston Consulting GroupThe State of Climate Action: Major Course Correction Needed from +1.5% to −7% Annual EmissionsNovember 2023The State of Climate Action: Major...
