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Wednesday, 20 January 2016

#Climatehange at Davos: What you need to know

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The global elite gathers at the World Economic Forum for a four-day summit – and energy transition is high up the agenda
A logo of the World Economic Forum (WEF) is seen stuck on a window at the congress center in the Swiss mountain resort of Davos January 23, 2012. The upcoming WEF will be held from January 25 to 29. REUTERS/Christian Hartmann (SWITZERLAND - Tags: POLITICS BUSINESS) - RTR2WQJ1
A logo of the World Economic Forum (WEF) is seen stuck on a window at the congress center in the Swiss mountain resort of Davos in 2012. The upcoming WEF will be held from January  Today 20 to 23 (Flickr/ WEF)
By Alex Pashley
Mastering the fourth industrial revolution‘ is the umbrella theme for a series of discussions at the Swiss ski resort of Davos from Wednesday.
How leaps in technology are transforming society and economy will be a top talking point for the 40 heads of state and hundreds of business leaders slated to attend. So too the tumult of Chinese stock markets, the strength of America’s recovery and a destabilising Middle East.

But it’s climate change that will feature the most in years as delegates unpack a new global warming accord and its signal to fossil fuel producers.
A WEF survey of 750 economists last week picked a climate-induced catastrophe as the greatest threat to the world economy in 2016.
The UN’s top climate official, Christiana Figueres, who will be in Davos, said the agreement struck in Paris last year was a watershed moment in realigning markets towards clean energy sources.
“There is no sector that is not interested in the impacts of climate – no sector that has not woken up to the fact we have a transformational moment,” she told Climate Home.
“I will be speaking to every sector – oil gas, mining, insurance… you name it – and I am sure all will be asking: what can we do?”

Source: Climate Home

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