20.2 C
Cape Town
Friday, January 10, 2025

Environmental degradation increases global and local economic risks

Published on

The top five global risks, which are set to have a severe negative effect on the future of the global and local economies, are brought about by the degradation of the natural environment.

According to the latest World Economic Forum Global Risk Report for 2022, climate action failure, extreme weather and biodiversity loss rank as the top three most severe risks in the long term.

CEO at the WWF, Dr Morné du Plessis says the recent severe weather events experienced in South Africa is clear evidence that these threats are a reality.

Du Plessis says for South Africa to mitigate these impacts, immediate action is needed.

Read the World Economic Forum Global Risk Report for 2022 here.

Related articles:

Latest articles

ICYMI: Road closures for Tweede Nuwe Jaar on 4 January

  On Saturday, 4 January 2025, the Cape Town Street Parade, known as Tweede Nuwe Jaar, will welcome the New Year in the CBD.   Approximately 20,000...

Western Cape Welcomes 101 Newborns on New Year’s Day

  The Western Cape welcomed the new year with the arrival of 101 bundles of joy born in public health facilities across the province on...

SA Gov assures citizens of border security amid Mozambique unrest

  The Government of South Africa (SA) has noted with concern the ongoing protests in parts of Mozambique and reports of individuals escaping from a...