NO! World Economic Forum Notes Climate Breakdown May Threaten ECONOMIC GROWTH!!!!
(Clutching pearls)
Ahead of the annual meeting of the World Economic Forum in Davos, the group yesterday released a major report warning that tough economic conditions coupled with frequent extreme weather events represent "an increasingly dangerous mix" for the global economy.
The report draws on a survey of more than 1,000 experts from industry, government, academia and civil society, which rated rising global greenhouse gas emissions as the third most likely global risk to manifest itself over the next decade, after "severe income disparity" and "chronic fiscal imbalances".
Speaking to BusinessGreen, Rainer Egloff, who works for insurance giant Swiss Re and contributed to the report, argued that climate change was also contributing to other risks identified by respondents to the survey, including concerns over food and water supplies and health-related risks.
"Continued stress on the global economic system is positioned to absorb the attention of leaders for the foreseeable future," the report warned. "Meanwhile, the Earth's environmental system is simultaneously coming under increasing stress. Future simultaneous shocks to both systems could trigger the 'perfect global storm', with potentially insurmountable consequences.
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