Top Economic Risk of 2016 Is Global Climate Change, Says World Economic Forum
Climate change is the most severe global economic risk of 2016, the World Economic Forum said yesterday.
The nonprofit economic analysis institution, set to convene next week in Davos, Switzerland, for its yearly meeting, has labeled climate change or related environmental phenomena—extreme weather, major natural catastrophes, mounting greenhouse gas levels, water scarcity, flooding, storms and cyclones—among the top five most likely and significant economic threats the world faced in each of its annual reports since 2011.
The 2016 report, the latest installment of a report the WEF has published since 2007, marks the first time an environmental risk tops the rankings.