The Climate Action Monitor is the annual flagship publication of the International Programme for Action on Climate (IPAC). Building on the IPAC Dashboard of climate-related indicators, it provides insights on global climate action and progress towards net-zero targets for 51 OECD and OECD partner countries. This year's edition presents a comprehensive evaluation of net-zero targets, major climate-related hazards, and the key trends in climate action. Directed towards policy makers and practitioners, the findings suggest that current 2030 commitments to reduce greenhouse gas emissions are not ambitious enough to meet the Paris Agreement temperature goals, and that without a significant expansion in national climate action, countries will not be able to meet the net-zero challenge.