"We have arrived at a new age in climate history, and it is not a moment too soon," writes Matthew Yglesias at Vox.
He's referring to what he calls the "Age of Adoption," a time he says has arrived in which companies and the public are " furiously adopting" solutions to climate change.
"While it is difficult to identify a start date of the Age of Adoption, future historians may identify the passage of the Inflation Reduction Act as the dawn of this era," Yglesias writes.
"The evidence of a sea change in public opinion regarding climate and the combined efforts of the public sector and the business community strongly indicates that this new era has arrived."
In fact, Yglesias writes, more than 7,000 of the world's largest companies are disclosing their carbon footprints and more than 525 of the world's largest investors have made those disclosures part of their investment criteria.
"While progress has been made, the business community has a lot of catch-up to do and must accelerate its commitment to and adoption of climate technologies and solutions," writes Yglesias.
"Popular opinion must favor a particular outcome if one wants to effect change in a democratic society."
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The United Nations Intergovernmental Panel on Climate Change (IPCC) published the first of three volumes of its fifth Assessment Report (AR5). The findings of the report show that mainstream businesses have become greener, with an emphasis on reducing carbon emissions which are the key sectors for impact investment.