The Top 5 Global Risks for 2023

2. Extreme weather events

Climate change is real and it is here to stay, unless significant steps are taken to prevent this from happening. Mankind can make amazing advancements in this space if it wants to; the collective agreement between countries to ban the use of CFCs resulted in the hole in the ozone layer almost disappearing and acid rain, something every elementary school student was taught in the later 1990s and early 2000s, has also all but disappeared. Many governments are trying to fight climate change, offering significant grants and subsidies to companies engaged in this sector, which has resulted in accelerated growth in the clean energy industry. Some of the companies claiming to be leading the fight against climate change include Tesla, Inc. (NASDAQ:TSLA), one of the pioneers of electric cars and the most valuable car company in the world, Alphabet Inc. (NASDAQ:GOOG), which is the biggest corporate buyer of renewable energy and aims to become carbon-free by 2030, and Unilever PLC (NYSE:UL), which aims to halve its environmental footprint and become carbon negative by 2030.