World Economic Forum Annual Meeting 2016: Moving Climate Resilience from Talk to Action
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As world leaders gather in Davos for the Annual Meeting 2016, the World Economic Forum says that failure to effectively confront climate change is potentially the most costly risk to society over the next ten years.
It is the first time that an environmental concern has topped the list of global risks outlined in the annual Global Risks Report - fittingly so, in a year that meteorologists say has been the hottest on record. Climate change comes before weapons of mass destruction, water crises, large-scale migration flows and severe energy price shocks, on a long list of concerns
Climate change exacerbates more risks than ever before. It is linked to water crises, food shortages, lack of economic growth, weaker social cohesion and increased security risks.
Swiss Re was engaged in the COP21 negotiations in Paris, forming part of Switzerland's official delegation to this milestone event, which brokered the commitment of 195 countries to substantially reduce carbon emissions. The red thread continues in Davos, where Swiss Re will focus on concrete steps to help cities and governments improve climate resilience.
Swiss Re Group CEO Michel Liès at World Economic Forum in Davos
Group CEO Michel Liès said: "Swiss Re is committed to addressing the world's protection gaps through a range of different activities, including the Climate Commitment we made through the UN in 2014, and our involvement with 100 Resilient Cities, which began in 2013. Re/insurance has an important role to play, and I'm hoping Davos 2016 will be known as the event where world government and industry leaders began moving resilience from talk to action!"