Almost 70% of businesses believe climate technology is or will become essential to tackling climate change, according to a new survey by the Association of Chartered Certified Accountants (ACCA).
Climate technology refers to innovative solutions and technologies designed to mitigate the impacts of climate change and reduce greenhouse gas emissions.
21% of those surveyed said they're already investing in such technology, while another 21% plan to do so in the next two to three years.
Ahead of COP 30 next month, the latest report from ACCA shows both the momentum and the challenges in embedding climate technologies.
It states that accountants are playing a "pivotal role" in bridging the gap between aspiration and action.
"These investments often involve high upfront costs, long payback periods, and benefits that are more environmental or strategic than immediately financial," said Emmeline Skelton, head of sustainability at ACCA.
"However, the true return of climate technology lies in strengthening resilience, reducing long-term risk, and creating sustainable value in the shift to a low-carbon economy," she added.
