![]() ![]() ![]() ![]() It also requires mobilizing massive amounts of capital-recent estimates vary from $3 trillion to $5 trillion annually over the coming decade-into practical solutions that reduce emissions, restore nature, and improve quality of life. Solving climate change requires bold new styles of business leadership. It’s the kind of business decision that would have been unthinkable just a few years ago, and a dramatic example of a nascent but important trend: business taking direct action to fight climate change. By itself, the move is expected to slash carbon pollution from those smelters by 30%. In 2023, China Hongqiao Group, one of the largest aluminum producers in the world, shut down 1.5 million tons of smelting capacity and moved it across the country-unplugging from coal electricity and connecting instead to cleaner hydroelectric power. SHARE Illustration by Eiko Ojala for TIME The inaugural TIME100 Climate list includes leaders driving climate action in the businesses of energy, finance, culture, health, and more. ![]()
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