The World Economic Forum (WEF) has said in its recent Climate Risk Report that while climate change poses the single greatest risk to the global economy, it is the risk that the international community is least prepared to deal with and the short-term price that countries will have to pay – a cost of living crisis.
The WEF’s Global Risks Report, prepared ahead of its annual gathering of influential political leaders and ‘high rollers’ in the global business community in the Swiss Alpine Resort of Davos, derives its findings from a survey of 1,200 global risk experts, industry leaders and policy makers, asserting that while the biggest challenges facing the international community over the next decade have to do with the immediate environment, what are perceived as more immediate challenges, are distracting world leaders.