Climate solutions principles: defining and qualifying climate solutions and climate solutions companies

Climate solutions that replace high-emission activities with low- or zero-emission alternatives are essential for decarbonising our economies quickly and at the scale required. Many of the climate solutions we need are proven and exist today, but have not yet been scaled sufficiently. Scaling climate solutions exponentially is a precondition to achieving a 1.5°C world, yet a climate solutions perspective has largely been missing from the corporate climate standards and policy outlook. This paper puts forward principles for defining climate solutions as an offering to the corporate climate action governance, accountability and reporting landscape. Acknowledging the urgency of emissions reductions, the authors argue that a liveable net zero future for all will only be achieved if companies set and act on targets to transform their business models and offerings by developing and delivering climate solutions.