Risk Experts See Climate Change as Major Global Business Threat

"Risk experts are concerned that the twin threats of economic upheaval and accelerating climate change could collide over the next decade, delaying crucial adaptation efforts while exposing nations to unpredictable financial loss from disasters."

"The World Economic Forum describes this 'super storm' of risks as a top hazard to the global economy through 2022 as world and corporate leaders prepare for an annual summit in Switzerland later this month. Tougher resilience will be a key theme -- not only for assets like electric power networks, but also for the economy -- following years of punishing catastrophes.

The business group points to a dangerous intersection of rising risk and a declining ability to counter it. Ever-denser cities worldwide are increasingly threatened by natural hazards as higher temperatures exacerbate drought, storms and heat waves."

Evan Lehmann reports for ClimateWire January 10, 2013.

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Source: ClimateWire, 01/11/2013