Global Risks

What keeps me up at night? Two strategists reply

A field of dead almond trees is seen in Coalinga in the Central Valley, California, United States May 6, 2015. Almonds, a major component of farming in California, use up some 10 percent of the state's water reserves according to some estimates. California ranks as the top farm state by annual value of agricultural products, most of which are produced in the Central Valley, the vast, fertile region stretching 450 miles (720 km) north-sound from Redding to Bakersfield. California water regulators on Tuesday adopted the state's first rules for mandatory cutbacks in urban water use as the region's catastrophic drought enters its fourth year. Urban users will be hardest hit, even though they account for only 20 percent of state water consumption, while the state's massive agricultural sector, which the Public Policy Institute of California says uses 80 percent of human-related consumption, has been exempted. REUTERS/Lucy Nicholson - GF10000086660

Accelerating environmental change poses a threat to the global status quo. Image: REUTERS/Lucy Nicholson

Karen Karniol-Tambour
Head of Investment Research, Bridgewater Associates
Daria Krivonos
CEO, Copenhagen Institute for Future Studies
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