This thirteenth edition of the Emissions Gap Report is testimony to inadequate action on the global climate crisis, and is a call for the rapid transformation of societies. Since the twenty-sixth United Nations Climate Change Conference of the Parties (COP 26), there has been very limited progress in reducing the immense emissions gap for 2030, the gap between the emissions reductions promised and the emissions reductions needed to achieve the temperature goal of the Paris Agreement. The report considers transformations required in the sectors of electricity supply, industry, transport and buildings. It furthermore investigates cross-cutting systemic transformations of food systems and the financial system, illustrating that there is immense potential to reduce emissions beyond current mitigation pledges.