Transition to net zero set to 'exacerbate' global inequality

Unequal recovery threatens outlook

clock • 3 min read
Global inequality set to rise
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Global inequality set to rise

Worldwide inequality between the rich and the poor is set to widen even further post-pandemic, according to the World Economic Forum’s latest report on global risks.

Failure on climate action is said to be one of the leading risks facing the world, according to the NGO. A "disorderly" transition to net zero is set to "exacerbate" inequalities. WEF managing director Saadia Zahidi said: "Climate change is already manifesting rapidly in the form of droughts, fires, floods, resource scarcity and species loss, among other impacts." She highlighted the multiple cities around the world experiencing extreme temperatures. Madrid saw a record high of 42.7°C in 2020 alone, while Dallas sunk to a 72-year low of -19°C. Meanwhile, regions in the Arctic exper...

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