Climate change poses an urgent threat to economic progress, global food security, our natural systems, and individual livelihoods. Communities around the world are already experiencing increased climate impacts, from droughts to floods, rising seas to extreme weathers. The World Economic Forum's Risk Report continuest to rank these environmental threats at the top of the list.
Public and private sector collaboration is essential to create a marketplace that will enable dramatic reductions in emissions and build resilience. The Forum’s Climate Initiatives provide a global platform to help raise ambition and accelerate climate action through multi-stakeholder partnerships.
The Climate Initiatives' focus areas
The Forum's Climate Initiatives are focused on three key areas of work to mitigate and adapt to climate change:
– Raising political ambition for key governments and business to have plans in place to reduce emissions and build climate resilience in alignment with scientific recommendations by COP26 in 2020.
– Accelerating transformational change across key value chains to ensure businesses play their role in tackling climate change.
– Creating effective governance and market mechanisms that incentivize investments to build a low carbon economy.
Global action on climate change must be taken to deliver enhanced national action plans and concrete solutions to reduce emissions and build resilience.