In collaboration withWORLDBoston Consulting GroupECONOMICThe State of Climate Action:Major Course CorrectionNeeded from +1.5%to-7%Annual EmissionsWHITE PAPERNOVEMBER 2023Images:Getty ImagesContentsForewords3Executive summary41.Without much more dramatic action,1.5C will slip out of reach52.National commitments and policies are still widely insufficient83.Corporate climate action is progressing far too slowly104.Green technologies and infrastructure are not scaling fast enough125.The climate funding gap remains enormous146.Mitigation action needs to drastically step up16Conclusion17Contributors18Endnotes19DisclaimerWorld Economic Forum as a contributionto a project,insight area or interaction.The findings,interpretations andrepresent the views of the World EconomicForum,nor the entirety of its Members,The State of Climate Action:Major Course Correction Needed from +1.5%to-7%Annual Emissions 2