Climate change poses urgent challenges that require global cooperation and drastic action. The impacts of climate change like extreme weather events are already being felt around the world. However, countries have made little progress in reducing greenhouse gas emissions despite decades of climate negotiations. Developed nations need to make deeper cuts in emissions while providing funding and technologies to help developing countries transition to low-carbon economies. Equity is needed to share the remaining carbon budget fairly and ensure the poor can still develop. Major changes are required across energy, transport, land use and forestry to reinvent economic growth sustainably.