Climate change is the greatest global threat - Beacon

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Thursday, March 30, 2023

Climate change is the greatest global threat

Digital technology emerges as the greatest opportunity to counter climate change

Global investors view climate change as the biggest threat that can severely impact the environment, the health of the global population and businesses around the world, a study has found.

As investors continue to negotiate with and navigate an “increasingly complex international investment landscape" to invest and build a sustainable future, digital technology has emerged as the greatest opportunity to advance the well-being of humanity, the Megatrends Study, jointly commissioned by Abu Dhabi’s Mubadala Investment Company and Bloomberg Media, said.

Together, digital technology and climate change are the two megatrends that will play the “biggest roles in defining our future”, the study said. More than 1,800 global investors, millennials and Generation Z consumers from the UAE, the UK, the US, China, France and India were surveyed.

About 52 per cent of respondents from France, 50 per cent from the UK, 41 per cent from the UAE and 39 per cent in India “most strongly” agree that climate change is the biggest threat.

In the US, 29 per cent and 27 per cent in China view climate change almost on par with the impact of demographic shifts and inequalities, the other two mega trends identified in the report.

About 93 per cent of those polled in the UAE and 92 per cent in India called for a transition to a low-carbon economy to counter climate change.

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