economic climate crises raise global risks
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Economic, climate crises raise global risks

Egypt Today, egypt today

Egypt Today, egypt today Economic, climate crises raise global risks

Geneva - AFP

With rising economic strains on one side and ever more environmental concerns on the other, the world could soon find itself in "the perfect global storm", the World Economic Forum warned in a report on Tuesday. "The world is more at risk as persistent economic weakness saps our ability to tackle environmental challenges," warned the WEF, which each year hosts a massive get-together of decision makers and activists at the Swiss mountain resort in Davos. In its Global Risks 2013 report, based on a survey of more than 1,000 experts from industry, government, academia and civil society, WEF pointed out that crises and austerity measures were severely testing the global economic system. At the same time, it stressed, the world faced rising global temperatures and more extreme weather like catastrophic flooding in China and Hurricane Sandy, which slammed into the East Coast of the United States in late October. The acute social and economic difficulties are making the world more reluctant to address more long-term threats like climate change, while natural disasters wreak serious havoc on many economies, the report cautioned. "Two storms -- environmental and economic -- are on a collision course," warned John Drzik, the head of Oliver Wyman Group and one of the experts surveyed for the report. The experts, who were asked to rate 50 global risks, suggested the risk of growing wealth gaps was the most likely to materialise, followed by unsustainable government debt and rising greenhouse gas emissions. They deemed however that major systemic financial failure would have the biggest impact if it happened, followed by a major water supply crisis and chronic fiscal imbalances. The list of global risks "are essentially a health warning regarding our most critical systems," said WEF managing director Lee Howell, who edited the report. "National resilience to global risks needs to be a priority so that critical systems continue to function despite a major disturbance, he added in the statement. In addition to the economic and environmental risks, the WEF report also identified so-called "digital wildfires" as a top risk category. "While in many ways a force for good, the democratisation of information can also have volatile and unpredictable consequences," it cautioned. One example, it said, was the September riots provoked by the crudely made anti-Islam film "The Innocence of Muslims." "As the media's traditional role as gatekeeper is eroded," the world needs to find ways to put out such blazes, WEF said. The third and final risk category in the 2013 report was linked to what the WEF described as dangerous complacency towards health concerns like rising resistance to antibiotics. The risks highlighted in the report will be the focus of a special session at the WEF's annual meeting in Davos at the end of January.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

economic climate crises raise global risks economic climate crises raise global risks



GMT 08:40 2013 Saturday ,02 February

Saladin

GMT 19:26 2017 Sunday ,29 January

UK Government Criticizes US Refugee Ban

GMT 21:58 2011 Wednesday ,17 August

UN withdraws \"non-essential\" staff from Syria

GMT 17:49 2011 Monday ,08 August

Chain reaction: US markets open with loss

GMT 10:25 2011 Monday ,01 August

\'Alarming\' rise in pregnant women strokes

GMT 19:01 2011 Tuesday ,19 April

Leaders pledge aid to complete Chernobyl shelter

GMT 10:24 2017 Wednesday ,12 April

Japanese skater Asada bows out with 'no regrets'

GMT 20:22 2011 Friday ,15 April

Typhoon jets used for first time in Libya

GMT 19:49 2011 Saturday ,06 August

Qatari Diar edges closer in Olympic Village move

GMT 11:22 2017 Monday ,23 January

US pop star defends explosive anti-Trump speech
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday