This paper sounds an urgent alarm about the impending climate crisis. Despite brief emissions reductions during the COVID-19 pandemic, the world is rapidly approaching a point of no return regarding global warming. The Intergovernmental Panel on Climate Change (IPCC) and other agencies have warned that the target of limiting global temperature rise to 1.5 degrees Celsius is slipping away. There's a limited carbon budget left until 2050, and the situation looks bleak.

However, there is a glimmer of hope. Many countries, representing a significant portion of global GDP and emissions, have pledged to reach net-zero emissions by the end of 2022. There's also a growing focus on the implementation of climate solutions. COP28 in December 2023 is expected to bring real progress in this regard.

Furthermore, more than 700 major publicly traded companies have committed to achieving net-zero emissions. They are taking a multifaceted approach, including adopting new technologies, securing funding for emission reduction projects, building necessary capabilities, and showing bold leadership. Each company's journey to net zero is unique, but all involve digging deep into their organizations and ecosystems to deliver on their promises.

In summary, the paper underscores the critical need for swift and coordinated global action to combat climate change and achieve a sustainable, net-zero future.