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Davos: Climate Not the “Top Concern” of Business Leaders

Davos: Climate Not the “Top Concern” of Business Leaders, Climate change fails to top list of threats for business leaders at Davos

Geopolitical uncertainty, over-regulation and cyber attacks among biggest threats to business, survey of CEOs finds

The high profile UN summit on climate change in Paris appears to have had little impact on the decision making and worries of global business leaders.

Despite concerns about its impact on extreme weather events, such as recent flooding in the UK, climate change failed to register near the top of the list of business threats, according to a survey of 1,400 CEOs from around the world compiled by PricewaterhouseCoopers (PwC) and published at Davos this week.

Instead, over-regulation was listed as the biggest threat to business (by 79% of CEOs), followed by geopolitical uncertainty (74%) and other key threats including cyber attacks (61%).

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Interestingly, people who make more of their money from government handouts, identified climate change as a much higher priority.

By contrast, a wider survey of economists, academics and civil society also produced by the WEF listed climate change as the biggest potential threat to the global economy in 2016. A failure of climate change mitigation and adaptation was seen as likely to have a bigger impact than the spread of weapons of mass destruction, water crises, mass involuntary migration and a severe energy price shock.,

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