Global temperature changes top list of extreme risks for investors

first_imgGlobal temperature changes have become the top extreme risk for investors, according to a new index of the greatest threats to world economic growth in 2019. Global temperature changes top list of extreme risks for investors ILULISSAT, GREENLAND – JULY 30: Water drips from ice in the Ilulissat Icefjord during unseasonably warm weather on July 30, 2019 near Ilulissat, Greenland. The Sahara heat wave that recently sent temperatures to record levels in parts of Europe is arriving in Greenland. Climate change is having a profound effect in Greenland, where over the last several decades summers have become longer and the rate that glaciers and the Greenland ice cap are retreating has accelerated. (Photo by Sean Gallup/Getty Images) He added: “Global temperature change becomes the highest ranked risk due to our assessment of higher likelihood coupled with significant impact – in the extreme this would mean mass extinction.” Monday 9 September 2019 11:09 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunUndoJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateUndo whatsapp “Our extreme risks ranking has seen the emergence of a general trend with financial risks falling down the rankings and non-financial extreme risks growing in significance, said Tim Hodgson, head of the Thinking Ahead Group. Risks that have risen up the rankings this year are infrastructure failure (+8 places), as well as global trade collapse (+3) and currency crisis (+3). center_img Weather hazards, a collapse in global trade and cyber warfare were ranked as the greatest risks in a report that categorises rare events which could have a high impact on world growth and asset returns. Read more: The City is ready to trade with the world Share Read more: Debate: Would a no-deal Brexit be bad for business? A collapse in biodiversity, the abandonment of fiat money and cyber warfare have all moved into the top 15 risks for the first time, while deflation, insurance crises and terrorism have all dropped out. Sebastian McCarthy whatsapp According to the report, produced by The Thinking Ahead Institute (TAI), the extreme risks that are less of a threat than in 2013 include stagnation, which has fallen eight places, as well as resource scarcity which lost top spot by falling three places.last_img