Though momentum has been meaningful, the world is still not on track to meet the goals of the 2015 Paris Agreement, which include limiting the rise of global warming to well below 2.0°C (and ideally to no more than 1.5°C) relative to preindustrial levels. How can stakeholders reduce the odds of initiating the most catastrophic impacts of climate change? As global leaders gather for COP28, the United Nations’ annual conference on climate change, check out this month’s first featured story from McKinsey’s Mekala Krishnan, Sven Smit, Humayun Tai, Daniel Pacthod, Tomas Nauclér, Blake Houghton, Jesse Noffsinger, and Dirk Simon. In the report, the authors outline principles that can guide stakeholders in addressing the four key objectives of the net-zero transition simultaneously—and even help accelerate the progress of the transition. Our second featured story proposes ten key requirements for a systemic approach to climate adaptation. Other highlights in this month’s issue include the following topics:
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