Risks of 2022 explained | Economy News

Yavuz Ölken, CEO of AXA Insurance, stated in his 2022 Future Risks Report that besides climate change, the loss of biodiversity is of critical importance for societies and the global economy.

According to the news in Hürriyet newspaper; AXA announced the results of the Future Risks of 2022 Report. In this year’s edition of the report, as in the previous year, the devastating risks posed by climate change come to the fore, and unlike last year, the loss of biodiversity with climate change is the most important risk factor.

AXA Insurance CEO Yavuz Ölken stated in the 2022 Future Risks Report that, in addition to climate change, the loss of biodiversity is now of critical importance for societies and the global economy, and said, “We will accelerate towards decarbonization in economic activities in order to reduce the effects of climate change and prevent biodiversity loss. Taking steps forward stands out as an urgent necessity”.

In the report, Ölken said that energy transformation should be accelerated in order to slow down climate change and prevent loss of biodiversity, and it was emphasized that sustainable energy sources, especially energy sources with high carbon emissions, should be replaced. Ölken also touched upon the highlights of his report titled ‘The 2022 Climate and Biodiversity Report: Accelerating the Energy Transformation Process’ and said:

“It is stated that global warming will reach 3.2 degrees and this level will reach 4.8 degrees in the longer term if the necessary measures are not taken regarding climate change. It is among AXA’s goals that the warming will not exceed 1.5 degrees until 2100 and that the heating potential of the company’s investments will be limited to 1.5 degrees by 2050. Aiming for green investments to reach 26 million Euros in total by 2023, the AXA Group report states that the financing required to keep the devastating effects of climate change at a minimum level should be increased by 3 to 6 times globally by 2030. In addition, we are trying to reduce carbon emissions from our own investments by 20 percent.”


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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