Over the past decade, while we were all watching these conferences with varying degrees of scepticism, something shifted. COP decisions stopped being theoretical and started showing up as line items on P&L statements. Some companies figured out how to profit from this. Others are still treating sustainability as a PR department problem. This is the story of what actually happened when climate diplomacy met quarterly reporting.

Discover the groundbreaking work of Claudia Goldin, the winner of the Nobel Prize in Economics 2023.