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January 16, 2020 02:13 pm

Climate Threats Now Dominate Long-Term Risks, Survey of Global Leaders Finds

Climate-change-related threats such as extreme weather, large-scale biodiversity losses and a failure of political leaders to slow planetary heating are now the top long-term risks facing the globe, business and other leaders said. From a report: An annual risk survey published ahead of the World Economic Forum next week put climate threats ahead of risks ranging from cyberattacks and pandemics to geopolitical conflict and weapons of mass destruction for the first time. "That's new. Last year we didn't have it," said Mirek Dusek, deputy head of the Centre for Geopolitical and Regional Affairs and an executive committee member of the World Economic Forum, of the rise of environmental issues up the list. The shift comes as climate-changing emissions continue to rise strongly globally, despite government and business commitments to reduce them, and as the potential impact of runaway climate change becomes clearer. From wildfires in Australia, Brazil and California to worsening storms, floods and droughts, "all key indicators point that this is a situation that's bad and it's getting worse," said John Drzik, chairman of Marsh & McLennan Insights, a global risk, insurance and professional services firm.

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