The new Intergovernmental Panel on Climate Change (IPCC) report warns of the now inevitable impacts of climate change but also identifies big opportunities to reduce risk. The message for companies and investors: now is the time to step up action and follow through on past pledges. In a new article, WRI climate finance expert Lihuan Zhou and Emily Neagle, senior manager for corporate relations, name six things corporate leaders must know about the IPCC report to prepare for the volatile future now in store. Bottom line: climate change impacts will only get worse — how much worse depends on what companies do now. Read more.

The U.S. desperately needs a modernized, clean electricity grid to reduce emissions and provide reliable energy in the face of growing climate impacts, such as fires, floods, rising sea levels and frequent extreme weather events. The bipartisan Infrastructure Investment and Jobs Act is an important step in the right direction but falls well short of what is needed. WRI experts assess the bipartisan measure and explain why a more ambitious budget reconciliation package is also urgently needed. Learn more.

In a new episode of WRI’s Big Ideas into Action podcast, WRI president and CEO, Ani Dasgupta, reflects on the newest IPCC report and answers a timely question: how can we frame environmental challenges in a way that helps us find solutions? “We don’t have the option to do one thing at a time,” he says. “The path is narrow, so we have to find solutions that are not only good for people and nature but also create jobs and decarbonize” the economy. Listen now.