Environmental issues including climate change, pollution and biodiversity loss have dropped down an international ranking of short-term concerns for high-profile business leaders, academics and politicians.
Each year in August and September, the Global Risks Perception Survey run by the World Economic Forum (WEF) asks more than 1,300 experts – largely from the Global North – what they are most worried about. It is released in the run-up to an annual gathering of leaders in the Swiss ski resort of Davos, which takes place next week.
This year, the number of respondents citing environmental issues as top concerns over the next two years fell, while more warned of economic risks like geoeconomic confrontation, economic downturn, inflation and asset bubbles bursting.
The report on the survey’s results said that “environmental concerns, especially in the short term, are slipping down the ranking of leading risks for the first time in many years”.
After months of announcements on new US tariffs and sanctions under President Donald Trump, “geoeconomic confrontation” shot from third to first on the list of concerns, leapfrogging “extreme weather events”. This year’s survey found respondents generally more worried about the state of the world than last year.
Commenting on the report, climate scientist Johan Rockström, director of the Potsdam Institute for Climate Impact Research (PIK), told Climate Home News “priorities shift but it doesn’t mean that they’re not interconnected”. He said recent trends like a retreat from multilateralism and the rise of misinformation interact with the climate crisis, as do the solutions to these problems.
He noted, for example, that a healthier online environment for public debate and less polarisation helps efforts to tackle climate change. “Aiming to reduce inequality also means providing energy in the cheapest way possible – and that’s with renewables. Governing well in a time of risk means you need to be able to be clear-eyed about what choices are going to bring about the most benefits,” he added.
Looking further ahead, survey respondents still put environmental concerns at the top of their list of longer-term concerns. Over the next ten years, their top concerns were extreme weather followed by biodiversity loss and critical changes to Earth systems.
Report author Saadia Zahidi told a press conference it is “very concerning that if we do lose the focus on [climate change and biodiversity loss] in the short term, we’re not going to be ready to adapt and mitigate 10 years out. So while it does show up in the longer-term rankings higher, it actually is a here-and-now risk.”
Scientists announced this week that the last three years have been the warmest on record and, in 2025, the head of the United Nations accepted that exceeding the goal of limiting global warming to to 1.5C, set in the Paris Agreement, was inevitable.
Despite rising impacts from climate change, a study by the Media and Climate Change Observatory found that media coverage of climate change was far lower in 2025 than previous years, having peaked in 2021-2023.
Trump takes over
The WEF’s annual Davos meeting kicks off on Monday, with political opponents of climate action attending in force. The US government will send what WEF organiser Børge Brende described as the largest US delegation ever, including President Trump and Energy Secretary Chris Wright.
Brende said he was “pleased to welcome back” Trump after a six-year absence from Davos, adding that there will also be a “very strong delegation” from Saudi Arabia. Argentina’s President Javier Milei, who has flirted with leaving the Paris Agreement, will give a special address.
On the other hand, politicians supportive of climate action including Brazilian Environment Minister Marina Silva and former US Vice-President Al Gore will speak on panels, as will Rockström and green Australian businessman Andrew Forrest.
In November, the Financial Times reported that, in order to persuade Trump to attend, WEF organisers gave assurances that “woke” topics like climate change and international development finance would not be too prominent at the forum.
Nonetheless, climate issues remain on the agenda although several panels are framed as questions that cast doubt on the clean energy transition such as “can EVs [electric vehicles] really dominate?” and “unstoppable march of renewables?”.
Last year’s programme featured a “road to COP30” event but there is no COP31-focused event this time. One panel on this year’s agenda will discuss “should we bet on climate moonshots?” such as nuclear fusion, an unproven clean energy technology on which the Trump administration has funded research.
As well as panel events, which are broadcast to the public online, WEF usually organises informal discussions on a range of issues including climate change.
Many of the high-profile participants travel to Davos by private jet, however, drawing accusations of hypocrisy from Greenpeace. On Thursday, it released figures showing that private jet flights to the annual WEF meeting tripled between 2023 and 2025.
“It’s pure hypocrisy that the world’s most powerful and super-rich elite discuss global challenges and progress in Davos, while they literally burn the planet with the emissions of their private jets,” said Greenpeace transport campaigner Herwig Schuster.
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Ahead of Davos, climate drops down global elite’s list of pressing concerns
Climate Change
COP17 must settle who decides how Cali Fund money is disbursed
June Rubis is a steering group committee member for the Cali Fund, from Sarawak in Malaysian Borneo.
At COP16 in Cali, governments made a significant commitment: at least half of the funding from the new Cali Fund should support the self-identified needs of Indigenous Peoples and local communities, including women and youth. It was a watershed moment for multilateral benefit-sharing.
The challenge now is to translate that commitment into access arrangements that recognise the different institutions, priorities and decision-making processes of Indigenous Peoples and local communities.
For generations, biodiversity and traditional Indigenous knowledge have provided significant value to companies who depend on nature’s genetic diversity to discover new drugs that fight diseases, create products that improve health, and grow crops resilient to extreme heat and flooding events. While some compounds are sampled directly from the source country, increasingly the digital blueprints are held in online public databases which are freely accessible to use for innovation and research.
Countries urged to ramp up “insufficient” nature policies at COP17
The Cali Fund was established at COP16 to encourage commercial users of Digital Sequence Information, or DSI, to share benefits arising from its use. Estimates suggest it could generate over $3.5 billion a year – a stark contrast to the modest $10,656 currently committed to the fund from just five SMEs, underlining how much progress must be made at COP17 over the next two weeks.
The COP16 decision that set up the fund offers two routes for money to reach Indigenous Peoples and local communities: through government authorities, and through direct payments to institutions identified by Indigenous Peoples and local communities themselves.
Varied ways of organising
Indigenous Peoples and local communities organise through a wide range of institutions. Some have national or regional organisations experienced in managing international grants. Others work through territorial organisations, customary institutions, community associations, cooperatives or networks. Some have professional finance teams and audited accounts; others have extensive experience governing territories, collective resources or conservation work without having been organised around international funding requirements.
For direct access, some questions are already apparent. Which institutions should be able to receive funds? How should they be identified? What fiduciary standards should apply? How should safeguards and accountability work where institutional capacities differ? What support may be needed where institutions have strong community mandates but less experience with international finance?
Comment: Protecting nature is a public duty, not a Wall Street profit opportunity
If access is designed mainly around institutions that already meet the expectations of large international finance mechanisms, early funding will tend to favour those already familiar to funders. They will gain further experience and become better positioned for future funding, while institutions with less administrative capacity may remain outside the system despite strong community mandates and long histories of stewardship.
These first decisions matter most, because they set the terms for everyone who follows.
The role of intermediaries requires care. Some Indigenous organisations may want a fiscal host to hold and manage funds on their behalf. Communities may choose to work through an NGO they trust. Government-facilitated arrangements may work well in particular national contexts.
What matters is the function an intermediary performs and the authority that comes with it. Providing administrative support is different from deciding which Indigenous organisations qualify, which priorities can receive support, or how success will be assessed. Direct access means communities keep that decision-making authority.
Decision-making power
The COP16 decision refers to institutions that Indigenous Peoples and local communities identify. But authority among Indigenous Peoples does not sit in one kind of body. It may sit with territorial organisations, customary institutions, community associations or combinations of these. Legal recognition and customary authority do not always align neatly.
Global deforestation slowed in 2025 but Brazil’s election could undo “fragile” gains
An important feature of the Cali Fund’s governance is that Indigenous Peoples and local communities participate as full members of the Steering Committee, rather than as observers. Seven Indigenous Peoples and local community representatives, one from each of the seven socio-cultural regions, participate in consensus-based decision-making alongside representatives of governments and UN entities. Six additional representatives from civil society, scientific institutions and the private sector participate as observers.
That representation carries responsibility. Institutional legitimacy, access and representation take different forms across the seven socio-cultural regions. Indigenous Peoples and local communities members therefore have an important role in bringing those differences into the Fund’s governance and in ensuring that arrangements developed for one context do not become the assumed model for everyone else.
Safeguards and clear responsibilities
COP17 can establish the core principles and direction, while allowing operational pathways to develop in ways that respond to different regional contexts. The decisions countries take in Yerevan will shape how that flexibility is realised in practice.
The choices made around access will influence which institutions are able to participate, which routes become established and which forms of authority are recognised within the funding architecture. The aim should be an architecture with enough structure to maintain confidence while allowing for different forms of Indigenous and community governance.
A credible direct-access pathway will need safeguards, financial oversight and clear responsibilities. This would give the 50% commitment a stronger institutional foundation.
The Cali Fund’s importance will ultimately depend not only on how much funding reaches Indigenous Peoples and local communities, but on whether they are able to determine how the money is accessed, governed and used. This requires access pathways that recognise their institutions, priorities and decision-making processes, rather than requiring them to conform to a single predetermined model.
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COP17 must settle who decides how Cali Fund money is disbursed
Climate Change
UK approves gas drilling despite admitting blow to “climate leadership” status
The UK government has approved extraction at the Jackdaw gas field in the North Sea, despite acknowledging that this decision could make it harder for Britain to convince other countries to move away from fossil fuel production.
UK energy secretary Miatta Fahnbulleh approved the drilling on Wednesday after months of high-profile debate, fuelled in part by interventions from US President Donald Trump. She argued that the project would boost energy security in the wake of the Middle East fossil fuel crisis, protect hundreds of jobs and add £2.9 billion ($3.88bn) to the UK economy.
She said Jackdaw’s gas would be cleaner than imported gas and would not prevent the UK from meeting its legally-binding carbon targets and its goal of net zero by 2050. As the field is already licensed, she said extraction was consistent with the Labour Party’s 2024 manifesto promise not to issue any new oil and gas licenses.
The same morning, the government announced a new Energy Wealth Fund to reinvest oil and gas revenues in the climate transition. It will start with £2 billion ($2.67bn) from the government and be topped up over time with tax revenues from offshore oil and gas production.

Climate campaigners in the UK and abroad were quick to condemn the decision, while a leading legal expert told Climate Home News it goes against the advice of the International Court of Justice. Meanwhile, the government’s own documents reveal that it recognises the drilling could damage the UK’s reputation and its ability to push forward the global transition away from fossil fuels.
“Climate leadership” blow
The 92-page decision document says Fahnbulleh “acknowledges that international standing on climate is important and accepts that a decision to grant consent may not further the UK’s international climate leadership.”
It adds: “She acknowledges concerns about the potential implications for the UK’s credibility and influence – including the difficulty inherent in encouraging other states to move away from fossil fuel production while the UK continues, in a limited and transitional way, to draw on its own domestic resources.”
While noting that Jackdaw has not been issued with a new license – just permission to extract gas – the document says Fahnbulleh “accepts this does not fully resolve the underlying tension in the UK’s position” but “considers this alongside the substance of the UK’s wider record [on emissions reduction], which remains significant”.
It continues that she accepts these concerns are “legitimate” and weigh against approving gas extraction, but only gives this argument a “moderate negative weight” set against the benefits of gas production.
“Huge” wrong signal
In international climate talks, the UK has long supported the transition away from fossil fuels and is one of very few major oil and gas producers to ban new licenses. Across the North Sea, the Norwegian government continues to make offshore areas available for oil and gas exploration through annual licensing rounds.
Climate experts and campaigners shared the concern, acknowledged in the decision document, that approving Jackdaw could set a precedent for fossil fuel production elsewhere. Sam Fankhauser, professor of climate change economics at Oxford University, said the direct climate impact of Jackdaw is “much smaller than the debate around it would suggest” but the “wrong signal it sends, however, is huge”.
Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change, said that while Jackdaw’s output will be very small, “it will signal to other fossil fuel producers that they too should carry on with business as usual, less than a month before the COP31”.
Kenyan campaigner Mohamed Adow, director of Power Shift Africa, called the decision “a serious blow to Britain’s international climate credibility” as “the UK cannot expect developing countries to move away from fossil fuels while giving the green light to new drilling in its own backyard”.
International Court of Justice
In July 2025, the International Court of Justice (ICJ) advised that government failure to take appropriate climate action “including through fossil fuel production” may amount to an internationally wrongful act.
The UK voted in favour of a United Nations resolution welcoming the advisory opinion. Yet, in its Jackdaw decision document, it notes that the ICJ opinion is not legally binding and says the UK does not accept the court’s opinion that the customary international law duty to prevent significant harm to the environment applies to climate change.
Fahnbulleh concludes that, although it will have “significant effect on the environment”, gas drilling in Jackdaw “would not lead to significant harm to the environment” – and so does not breach any duty to prevent such harm. Instead, the government document says the duty should be considered “as a matter of policy rather than legal obligation”.
Margaretha Wewerinke-Singh, who led Vanuatu’s legal team pushing for the ICJ’s advisory opinion, told Climate Home News that treating the duty as a matter of policy rather than legal obligation is “not how international law works”. “An advisory opinion is not a judgement,” she said, “but it states the law as it stands, and that law binds the UK whether or not it accepts it.”
“Even as a matter of policy,” she added, “the decision asks the wrong question: whether Jackdaw on its own would cause significant harm. The Court found that accumulated emissions are already causing significant harm. What matters is whether approving new production is consistent with the stringent due diligence the duty requires.”
Public support for decision
While the decision was criticised by climate campaigners and the opposition Green party, polling reported by Politico suggests that 55% of British adults support drilling at Jackdaw, with just 14% opposed. Even supporters of the UK’s net zero target back new drilling by more than two to one, the polling found.
Jackdaw is one of two North Sea oil and gas fields the government has been debating whether to extract more from for months. While Jackdaw is a small gas field, the other, Rosebank, is a much larger field that holds mostly oil.
Rosebank’s emissions are estimated to be around seven times higher than Jackdaw’s. Fahnbulleh told Sky News that Rosebank is “different” to Jackdaw because its oil would be exported, whereas Jackdaw’s gas will be used in the UK, adding that she will consider it “in its own right”.
The Guardian reported on Wednesday that UK officials say Fahnbulleh is minded to refuse approval for Rosebank. She has not yet taken a final decision on Rosebank, the newspaper said, but a ruling is expected later this year.
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UK approves gas drilling despite admitting blow to “climate leadership” status


