This year’s extreme weather events, food security crisis and energy disruptions demonstrate that climate change is a global problem with impacts on human health, food production and economic growth. There is momentum for both governments and companies to act, but progress is slow and uneven. Two-thirds of global emissions are now produced in developing countries, where funding is insufficient to make the transition to clean energy and where climate competes with development priorities. Moreover, around half of global emissions come from industries – from steel and concrete, to chemicals, agriculture and mining – in which innovation and business solutions remain uncertain.