Balanced News: Cost-of-living crisis overshadows ‘unavoidable’ climate action

Climate change is the global economy’s biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis, the World Economic Forum (WEF) said in a report. Based on a survey of 1,200 risk experts, industry leaders, and policymakers, the WEF report said the biggest challenges during the next decade involve the environment. Out of 10 long-term challenges, respondents said the top four are climate related: failure to limit or adapt to climate change; natural disasters and extreme weather; biodiversity loss; and ecosystem collapse.