Source: World Economic Forum.
Arctic scientists aren’t usually afraid of a little cold. Windy conditions don’t usually get us howling. The beasts we pay attention to are usually polar bears. But last week’s “Beast from the East” triggered a few anxious conversations.
Social media memes aside, our problem isn’t this one extreme weather event per se. Our key fear is that the Beast isn’t really from the East – its birthplace was farther north.
“Is it fair to say that the Arctic is a barometer of global risk? We think so because it all comes down to physics – a warmer Arctic means thinner sea ice, an earlier melt, a later freeze-up, and a greater likelihood of extreme weather events throughout the Northern hemisphere. And that brings more trouble down the road.”
Want to stay updated about everything related to PRIMO & developments in Risk Management? Sign up for our Newsletter.