- Almost one-half of Europeans and nearly three-quarters of Chinese people consider climate change a major threat
- Views on whether the crisis is reversible vary
- Millions of Europeans would be prepared to move to another country because of the issue
- Young Europeans are most likely to think the problem will force them to migrate
Climate change is reversible – that’s the view of 80% of Chinese people, according to a report from the European Investment Bank (EIB).
That level of optimism isn’t, however, a global phenomenon. Large numbers of people in the EU and US believe there is nothing that can be done. Northern Europeans, in particular, share this concern; approximately 40% of people in France and Poland think we have gone beyond the tipping point, compared to just over one-quarter in Italy and Spain.
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Climate dominates people’s worries
Across Europe, 47% of people view climate change as the biggest challenge in their lives. Healthcare and health services (39%) and unemployment (39%) are ranked as the second biggest challenges to society, with political instability, terrorism and cyberattacks further down the list.
What’s the World Economic Forum doing about climate change?
Climate change poses an urgent threat demanding decisive action. Communities around the world are already experiencing increased climate impacts, from droughts to floods to rising seas. The World Economic Forum's Global Risks Report continues to rank these environmental threats at the top of the list.
To limit global temperature rise to well below 2°C and as close as possible to 1.5°C above pre-industrial levels, it is essential that businesses, policy-makers, and civil society advance comprehensive near- and long-term climate actions in line with the goals of the Paris Agreement on climate change.
The World Economic Forum's Climate Initiative supports the scaling and acceleration of global climate action through public and private-sector collaboration. The Initiative works across several workstreams to develop and implement inclusive and ambitious solutions.
This includes the Alliance of CEO Climate Leaders, a global network of business leaders from various industries developing cost-effective solutions to transitioning to a low-carbon, climate-resilient economy. CEOs use their position and influence with policy-makers and corporate partners to accelerate the transition and realize the economic benefits of delivering a safer climate.
There are regional variations. Southern Europeans regard unemployment as their greatest problem, while according to the EIB, those in Austria, Denmark, Germany, the Netherlands, and other Northern European countries are more worried about the climate.
In China, the level of concern is even higher than in Europe, with 73% worried about the climate crisis. In the US, 39% view it as a major threat.
Climate risks dominate
Climate change has a wide-ranging impact, affecting everything from agricultural yield volumes to flooding and coastal erosion. In mid-2019, hundreds of thousands of people were affected by floods in Bangladesh that were described as among the worst of recent years. The country is low lying, and home to the Ganges river delta and many other smaller rivers. Changes in sea level are likely to affect Bangladesh and other coastal parts of the world disproportionately.
In the World Economic Forum Global Risks Perception Survey 2018-2019, which informed the Global Risks Report 2019, climate-related risks dominate the most pressing and substantial threats.
It says the two most likely threats are extreme weather and the failure of concerted efforts to affect climate change. These are also in the top three risks felt to have the most significant potential impact.
The EIB surveyed 30,000 people from 30 countries. One of its key themes was climate-induced migration. Throughout Europe, 82% of respondents revealed that they think climate change and extreme weather events will force people to leave their home countries.
Almost one-quarter (24%) of Europeans think they will relocate to another country because of climate change, with 41% of younger Europeans saying it’s likely they will move. While 33% of Austrians aged between 15 and 29 anticipate making such a move, more than one-half (51%) of similarly aged Spaniards are prepared to move.