By Michael Rothenborg, November 2017
It is hard to find a list of global challenges from recognised organisations, intergovernmental bodies or think tanks where climate change is not in one of the top spots.
As a matter of fact, it is often at the very top. It certainly came first on the World Economic Forum’s Global Shapers Survey from August 2017, which surveyed more than 25,000 millennials from 181 countries to gauge the priorities, concerns, and attitudes of young people around the world.
2017 was the third consecutive year that climate change was voted the most serious global issue.
The survey suggests that millennials are concerned not only about climate change in itself but also about the cost of climate mitigation and adaptation.
And their concern is justified, according to experts.
In 2015 the insurance market Lloyd’s reported that the share of national GDP at risk from climate change-related incidents exceeds $1.5 trillion in the 301 major cities around the world. The OECD, the Stern Review from the London School of Economics and several other experts have concluded that investing in climate mitigation and adaptation is far cheaper than not investing at all.