'You have not seen anything yet,' climate activist Greta says ahead Davos

Daniel Fowler
January 18, 2020

With the fires that have ravaged Australia attracting global attention, it said "climate change is striking harder and more rapidly than many expected", with temperatures on track to increase by at least three degrees towards the end of the century.

Published today (15 January) ahead of the organisation's annual summit in Davos next week, the analysis has ranked climate-related risks above economic risks across the board for the first time in the history of the annual report.

The report likewise underscored the importance of policy makers and companies matching targets for protecting the climate with ones that help economies grow, as well as adjusting to science-based targets to avoid huge losses down the line.

Nearly 200 countries signed up to the Paris Agreement on climate change in 2015 but US President Donald Trump withdrew his country from the framework in 2017.

"If you look five or 10 years ago, the oil and gas companies were sort of protected from environmental influences and they could be actual climate change deniers and support those things, and that has changed a lot", Dan Dicker, energy expert and founder of The Energy Word, told Yahoo Finance's "The Final Round".

Though there's been a shift toward populist and nationalist politics around the world, Drzik said that those in the "executive suite" are under mounting pressure from customers, employees, investors, rating agencies or regulators to tackle climate issues.

U.S. President Donald Trump said he plans to attend the World Economic Forum in Davos. Respondents also said the third biggest issue would be extreme heatwaves, with 77% seeing this as a short-term risk.

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The WEF's report highlights several occasions on which humanity's inability to notice the links between these three spheres and act accordingly - dubbed "blind spots" - have generated negative outcomes.

Nearly 90% of these respondents believe "extreme heat waves", the "destruction of ecosystems" and "health impacted by pollution" will be aggravated this year; compared with 77%, 76% and 67%, respectively, for other generations. They also believe that the impact from environmental risks by 2030 will be more catastrophic and more likely.

Human activity has already caused the loss of 83pc of all wild mammals and half of the plants - which underpin our food and health systems. "It's critical that companies move faster".

FILE - A Swiss national flag waves in the wind during last year's World Economic Forum, in Davos, Switzerland, Jan. 25, 2019.

'Transitionary risks are real and everyone must play their part to mitigate them, ' Giger said.

These were the details of the news Davos 2020: Global efforts toward de-escalation in Middle East at risk for this day.

"We are.an alliance that is organising next week in 20 countries to say: 'time is up" to the World Economic Forum in Davos. It also benefits from ongoing collaboration with its Strategic Partners Marsh & McLennan and Zurich Insurance Group and its academic advisers at the Oxford Martin School (University of Oxford), the National University of Singapore and the Wharton Risk Management and Decision Processes Center (University of Pennsylvania).

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