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A third of crucial fungi endangered, and other nature and climate stories you need to read this week

The World Economic Forum · last updated
  • This weekly round-up contains the key nature and climate news from the past week.
  • Top nature and climate news: Fungi under threat; Tackling the climate crisis will increase global GDP; UK’s greenhouse gas emissions down.

The International Union for Conservation of Nature (IUCN), which compiles the list of threatened species, says that “fungi are the unsung heroes of life on Earth, forming the very foundation of healthy ecosystems”. They provide nutrients for plants and trees, decompose matter and are a food source for a wide variety of species, including humans. Their destruction therefore has a knock-on effect on biodiversity and, ultimately, human health.

The second-largest kingdom after animals, with 155,000 known species, fungi are being impacted by climate change, as well as by humans, says the IUCN. At least 198 types of fungi are at risk of extinction as a result of deforestation, illegal logging and agricultural expansion. While over 50 are close to being wiped out in the US due to changing fire patterns.

Of the 169,420 species on the IUCN’s Red List, 1,300 of them are threatened fungi. Image: Our World in Data/IUCN

Despite their importance to biodiversity, fungi have been “overlooked and under-appreciated”, says the IUCN. More old-growth forests need to be protected, it says, and forestry practices improved to include leaving dead wood scattered around to encourage fungi growth.

2. Tackling the climate crisis will increase countries’ GDP

Advanced economies could see a 60% increase in per capita GDP growth by 2050 – if they commit to serious climate action.

Contrary to the argument that tackling the climate crisis – including switching to renewable energy – will cripple economies, latest research from the Organisation for Economic Co-operation and the UN Development Programme has found that the opposite is true.

It makes the case that a low-carbon economy is a more efficient one, pointing out that the world currently emits 0.34kg of CO2-equivalent per dollar of economic output, but by following ‘Enhanced Nationally Determined Contributions’, those emissions would reduce by over half (0.14kg) by 2040.

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How is the World Economic Forum fighting the climate crisis?

The Global Risks Report 2023 ranked failure to mitigate climate change as one of the most severe threats in the next two years, while climate- and nature- related risks lead the rankings by severity over the long term.

The World Economic Forum’s Centre for Nature and Climate is a multistakeholder platform that seeks to safeguard our global commons and drive systems transformation. It is accelerating action on climate change towards a net-zero, nature-positive future.

Learn more about our impact:

  • Scaling up green technologies: Through a partnership with the US Special Presidential Envoy for Climate, John Kerry, and over 65 global businesses, the First Movers Coalition has committed $12 billion in purchase commitments for green technologies to decarbonize the cement and concrete industry.
  • 1 trillion trees: Over 90 global companies have committed to conserve, restore and grow more than 8 billion trees in 65 countries through the 1t.org initiative – which aims to achieve 1 trillion trees by 2030.
  • Sustainable food production: Our Food Action Alliance is engaging 40 partners who are working on 29 flagship initiatives to provide healthy, nutritious, and safe foods in ways that safeguard our planet. In Vietnam, it supported the upskilling of 2.2 million farmers and aims to provide 20 million farmers with the skills to learn and adapt to new agricultural standards.
  • Eliminating plastic pollution: Our Global Plastic Action Partnership is bringing together governments, businesses and civil society to shape a more sustainable world through the eradication of plastic pollution. In Ghana, more than 2,000 waste pickers are making an impact cleaning up beaches, drains and other sites.
  • Protecting the ocean: Our 2030 Water Resources Group has facilitated almost $1 billion to finance water-related programmes, growing into a network of more than 1,000 partners and operating in 14 countries/states.
  • Circular economy: Our SCALE 360 initiative is reducing the environmental impacts of value chains within the fashion, food, plastics and electronics industries, positively impacting over 100,000 people in 60 circular economy interventions globally.

Want to know more about our centre’s impact or get involved? Contact us.

3. News in brief: Other top nature and climate stories this week

Climate change was partly responsible for torrential rain and flooding in Argentina that killed 16 people in March, according to scientists at World Weather Attribution. Extreme heat caused a warm, humid mass of air that clashed with a cold front from the Patagonian region, causing heavy rain in the port city of Bahía Blanca.

South Korea has brought under control the country’s largest wildfires on record, a minister said on 28 March. The fires killed at least 28 people and burned more than 111,000 acres, including historic temples.

The UK’s greenhouse gas emissions fell by 4% in 2024, government data showed, due in part to the closure of the country’s last coal-fired power plant and a fall in emissions from the industrial sector.

Above-normal temperatures are expected in India throughout April, the director-general of the India Meteorological Department said on 31 March.

Water companies in England released over 3.6 million hours of untreated sewage into the county’s waterways in 2024, Reuters reports. This is a slight increase on the previous year and a record high.

4. More on the nature and climate crisis from the Forum

Storms and wildfires highlight the growing threat climate hazards pose to businesses and societies. The impact of climate hazards, such as disruptions to water supply, damage to fixed assets and reduced worker productivity, will drive up business costs and reduce operational efficiency. The Forum’s recent study – Business on the Edge: Building Industry Resilience to Climate Hazards – explores their impact on fixed business assets in 20 industries.

The Gran Chaco is an important but often overlooked biome facing significant environmental risks due to agricultural expansion. A new report from the Forum looks at how regenerative agriculture, jurisdictional approaches to land-use planning and management and nature-based finance models could generate economic growth while future-proofing the region’s rich natural resources.

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