Climate breakdown: Environmental threats once again top global risk survey

WEF launches online learning platform

The greatest risk, according to the report, is the environment, including the increasing incidence of extreme weather events, natural disasters, biodiversity loss, and the failure to address climate change.

Attacks against businesses have nearly doubled in five years and incidents once considered extraordinary are becoming commonplace, the forum's new Global Risks Report 2018 warned at its launch today. Other threats that especially concern the roughly 1,000 experts in government, policy and business surveyed include cyberattacks, terrorist attacks and data fraud or theft.

A survey by the World Economic Forum finds that more than 9 in 10 experts are anxious about worsening economic or political confrontation between world powers, amid a trend toward "charismatic strongman politics".

What's more, for the first time in years, Co2 emissions increased in 2017, putting the Paris climate accord's goal of net-zero emissions by about 2050 even further out of reach. We have only had a few small tastes of what all-out cyberwar would be like, but it is enough to predict that global commerce would suffer incredible damage, quite possibly sufficient to trigger a doomsday cascade in the other fragile economic systems the WEF is concerned about.

The prospect of strong economic growth in 2018 presents leaders with a golden opportunity to address signs of severe weakness in numerous complex systems that underpin our world, such as societies, economies, worldwide relations and the environment, added the Global Risks Report 2018. Still, the report described income inequality as a "corrosive problem" in many countries and warned against complacency over the economic environment given high debt levels, low savings rates and inadequate pension provisions.

The world this year could see environmental degradation, cybersecurity breaches, economic strains and geopolitical tensions, says the World Economic Forum, calling for preparations to face sudden and dramatic disruptions. While weapons of mass destruction retained their place as the most destructive risk, their use was judged the least likely to occur.

Trump Hotel Hit With Graffiti Again
Trump on Friday tweeted a convoluted denial about the comments, which were reported by The Washington Post and The New York Times. Democrats and some Republican lawmakers criticized the president's choice of words and called for him to apologize .

"Together we have the resources and the new scientific and technological knowledge to prevent this". "Businesses are increasingly dependent on technology and are aware that the openings hackers have are growing".

Economic threats feature less prominently after the International Monetary Fund raised its global GDP projections to 3.6% for this year, with WEF founder, Klaus Schwab, saying this presents an opportunity to strengthen the world's institutions.

With global growth recovering, concerns about the economy were down sharply.

John Drzik, President of Global Risk and Digital, Marsh said; "Geopolitical friction is contributing to a surge in the scale and sophistication of cyberattacks".

"It's not surprising that extreme weather events rank as the number one risk", said Alison Martin, the chief risk officer at the Zurich Insurance Group. "It's not yet too late to build a more resilient tomorrow, but we need to act with a stronger sense of urgency in order to avoid potential system collapse".

Related News:



Most liked

Bank of America takes tax hit, vows longer-term boost
Channing Capital Management LLC acquired a new position in Bank of America in the 3rd quarter valued at approximately $5,027,000. The company reported the earnings of $0.48/Share in the last quarter where the estimated EPS by analysts was $0.45/share.

Reliance Jio revamps its Rs 153 plan; offers 1GB data per day
This plan includes 1GB data per day and unlimited free local and STD voice calls both local and national connections. The users have to be careful because these small sized packs will only work if SIM is inserted into the Jio Phone.

Karthik to switch injured Saha for third South Africa…
KL Rahul was brought back to the side for the left-handed Shikhar Dhawan who failed to impress in the two outings in Cape Town. The record was previously held by Dhoni who had nine dismissals to his name in Australia during his last Test series in 2014.

Amazon's Echo Spot is coming to the United Kingdom later this month
The Echo Spot can be thought of as an Echo Dot (the scaled down version of the original Echo) but with a camera and screen. If you have decided this Skill doesn't do quite what you were hoping, you can also use this same page to remove a Skill.

Corbynistas Tighten Their Grip on UK Labour Party
The results were published on the same day Nicola Sturgeon warned that a no deal Brexit could lead to a 8.5 per cent reduction in Scottish GDP by 2030.

Burning oil tanker in East China Sea sinks
The Japanese Coast Guard said on Friday it was about 290km off the island's coast and was drifting at about 2.2km/h. The four-member salvage team wore respirators as they boarded the Sanchi , China's Xinhua state news agency said.

DHS secretary: Trump used 'tough' language on immigration
Booker reminded Nielsen that she was under oath when she repeatedly said she did not recall the " shithole " comment. So, it shouldn't matter where you come, it should matter what you can contribute to the United States.

Google App Finds Your Fine Art Lookalike
The Google Arts & Culture app works on a wide variety of iPhone and Android phone, as well as other iOS and Android devices. The company said it won't use data from photos for any other goal but to match it with images in its catalog.

Minnesota Vikings' miracle playoff win recreated in Tecmo Super Bowl
Just another playoff Sunday in a world where it's not so much who wins, but which team covers the spread. They went on to win the game 28-20.

Bringing Skeksi Back: New 'rainbow' dinosaur resembles creatures from 'The Dark Crystal'
The team saw microscopic structures in the exquisitely preserved fossil that indicated the presence of the bright plumage. The scientists used powerful microscopes to identify remnants of organelles called melanosomes in the feathers.

Kosovo Serb leader shot dead in 'act of terrorism'
He added that 'whoever is behind this attack. whether they are Serb, Albanian or any other criminals, they must be punished'. He was taken to a hospital but doctors were unable to save him.

Here are school closings in Columbus area
At 12:45 p.m., the Harris County School District announced it will be closed Wednesday, but no word about after-school activities. Lusher Charter School Freret Campus will dismiss at 2 p.m. and Lusher Charter School Willow Campus will dismiss at 2:30 p.m.

India stare at second defeat
Kohli and Ashwin (38) put on 71 for the seventh wicket before the second new ball hastened the end of the innings. The opening batsman brought his 9th Test fifty in style with an elegant cover drive for a four off Ishant Sharma.

Kushner Told to Be Wary of Wendi Deng Murdoch
After reports that she was romantically involved with former British Prime Minister Tony Blair while still married to Mr. He added that she "has absolutely no knowledge of any garden projects funded by the Chinese government".

Myanmar And Bangladesh Agree To 2-Year Timeframe For Rohingya Return
A Rohingya refugee stands in a displaced-persons camp in Cox's Bazar, Bangladesh, earlier this month. Officials plan to start the repatriation process from January 23.