Climate tops risk list
- Adaptation ,
- Mitigation ,
- Politics & Economics ,
Failure to mitigate and adapt to climate change tops a list of global risks, according to this year's World Economic Forum risk report. The rankings were compiled by almost 750 experts, with 29 types of risk assessed for both impact and likelihood over a 10 year horizon.
Risks associated with climate change and adaptation were considered to have the potential for greater damage than weapons of mass destruction and water crises. In terms of likelihood, climate change risks came third after large scale involuntary migration and extreme weather events.
Interconnections between risks, such as climate change and involuntary migration or international security are becoming stronger, the analysis also found. Not only is climate change exacerbating other risks, but political conflicts are reducing the potential and resources for political cooperation on the issue, said Cecilia Reyes, chief risk officer at Zurich Insurance.
A group of world-leading climate scientists has today warned that carbon pricing is currently too low to deliver a just transition to a net-zero economy, and that "urgent reforms" are needed.
The UK government has been “too city-focused” in its climate action and must provide more funding and support to reduce emissions in rural areas, the County Councils Network (CCN) has said.
Friends of the Earth (FoE) has urged the UK government to commit to a “simple set of measures” to help local authorities play a greater role in the country's net-zero transition.
COVID-19 offers the world a huge chance to beat a path to sustainability, says Oxford University professor Ian Goldin – but we must learn from past crises, he tells Huw Morris
The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.
The UK's largest defined benefit (DB) pension schemes have received a letter from the Make My Money Matter campaign urging them to set net-zero emission targets ahead of the COP26 climate summit later this year.