Elon Musk last year laughed at suggestions that Tesla's new factory in Germany would take too much water from local supply, but a continued decline in water levels could now delay the plant's development
Chief Risk Officer and Interim CIO at Zurich Insurance Group AG Peter Giger, discusses the WEF risks report and the impact of climate change on insurance. He says "Insurance will not fix the problem. Societies will pay for the increase in damages".
The 2015 Paris Agreement commits countries to limit the global average temperature rise to well below 2°C above pre-industrial levels, and to aim for 1.5°C. But what is the difference between 1.5°C and 2°C of warming?
