The World Economic Forum has a record number of sessions and workshops about global warming this year - but you wouldn’t guess it from the the buzz in the corridors, where the economy and roiling markets dominate conversations. That’s a worry, according to climate experts.
Rajendra Pachauri, head of the UN’s Intergovernmental Panel on Climate Change (IPCC), fears the issue may be pushed to the sidelines, with potentially disastrous long-term results. If business and political leaders don’t take it seriously now, they won’t make the necessary investments in green technology or tackle CO2 emissions, he argues.
“A lot has been achieved so far, not only in terms of the public becoming aware of the reality of climate change but also leaders round the world taking fairly forward-looking positions,” Pachauri said. “If we get distracted by the aberrations that you see in the financial market right now it would clearly be very unfortunate.”
His comments came as the European Union unveiled its plans to cut emissions of greenhouse gases - proposals which left the IPCC boss underwhelmed.