More than 70% of the production of copper, cobalt and lithium – minerals crucial for the clean energy transition – could face significant or higher drought risk by 2050 under a high emissions scenario. Up from less than 10% today.
Food crops also face significant risk: under a high emissions scenario, 90% of the world’s rice production could face significant heat stress by 2050 (up from 75% today), and more than 30% and 50% of maize and wheat, respectively, could face significant drought risk by 2050.
CEOs are increasingly taking proactive measures, with 47% focused on protecting their workforces and physical assets from climate risk.
