Climate crisis more acute than feared: How will this impact businesses?

THE climate crisis looked dire enough; but the United Nations (UN) now says the situation is worse than we feared - and that urgent and bolder action is needed from governments, businesses and individuals.

The warning klaxon came in the form of the latest report from the UN's Intergovernmental Panel on Climate Change (IPCC), made up of the world's leading climate experts.

Published at the end of February this year, it said that even if the world hits its target of keeping global warming to 1.5 degrees Centigrade above pre-industrial levels, it faces unavoidable multiple climate hazards over the next 2 decades.