Global cost-of-living crisis risks ‘dire consequences’ for planet as firms ditch climate concerns

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City AM

By Jack Barnett The global cost-of-living crisis threatens to railroad efforts to combat climate change, “potentially leading to dire planetary and societal consequences,” the World Economic Forum (WEF) warned today. Soaring energy and food prices are forcing governments and private businesses to turn to cheaper, often dirtier resources to produce goods and services. As a result, “the risks of a slower and more disorderly transition” to net-zero has “now turned into reality,” the WEF said in its annual global risks report launched ahead of hosting the yearly economic Davos conference next week…

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