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Aug 2023

Global Risk Review


Mining needs to be stepped up to meet net-zero targets

The world will have to mine more lithium, copper and nickel with urgency if it wants to hit its net-zero goals, according to the International Energy Agency (IAE).
 


Rush for nickel is ravaging the environment

The demand for nickel, which is used in mobile ‘phones and electric car batteries besides stainless steel, is likely to grow at least 65% by 2030, according to a new report by International Energy Agency.
 


Shrinking Arctic glaciers are unearthing a new source of methane

Shrinking glaciers in the warming Arctic are exposing bubbling groundwater springs which could provide an underestimated source of the potent greenhouse gas methane according to a new research study.
 


Financial institutions still underestimating climate risks


Risk of isolation increases with sea-level rise

Scientists speaking about rising sea levels and mainly focus on the communities that will be flooded permanently. However, rising seas will isolate people much earlier before they are underwater.
 


Ecosystems are beyond 'tipping point' now

Extreme weather events such as wildfires and droughts will accelerate change in stressed ecosystems leading to quicker tipping points of ecological decline, according to a new study published by Rothamsted Research.
 


Conflict deaths at highest level this century

Conflict deaths are higher than they have ever been this century according to the 17th edition of the Global Peace Index (GPI). The new GPI published in June 2023 revealed that over 238,000 people were killed in conflicts in 2022.
 


Minimising risk in AI-driven healthcare

Even as AI enables better quality healthcare at a lower cost, providers must address new exposures across an evolving regulatory and liability landscape according to insurer cfc.com.
 


Snow and ice disappearing in the Hindu Kush Himalayas

Changes to the Hindu Kush Himalayas’ cryosphere to date warns of grave consequences for human life and nature, according to a new study by The International Centre for Integrated Mountain Development (ICIMOD).
 


Transparency around cyberattacks is important

In a joint blog post, the National Cyber Security Centre (NCSC) of UK and the UK Information Commissioner’s Office (ICO) have stressed the importance of transparency in the aftermath of a cyberattack, highlighting that a lack of evidence that data has been stolen does not mean theft did not take place.