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Environment
Michael Harrison, Senior Lecturer in Economics and Finance, University of East London

What Davos delegates missed when they discussed green finance for business

Addressing the climate crisis was one of the key themes at the World Economic Forum in Davos. Rustam Zagidullin/Shutterstock

Every year, leaders from politics and business come together with economists, investors and even celebrities at the World Economic Forum in the Swiss resort of Davos. One of the five key themes of this year’s event was safeguarding the planet. The forum’s own figures suggest that human-caused climate change has cost the planet US$3.6 trillion (£2.9 trillion) in damage since 2000 alone.

Many of the sessions at Davos focused on climate change, which was especially pertinent after US president Donald Trump’s decision to abandon for a second time the Paris Agreement – a framework to keep the warming of the planet to 1.5°C above pre-industrial levels by the end of the century.

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