Extreme weather poses over 500 billion dollar risk to sports
A report warns that extreme weather could cost the sports industry over 500 billion dollars by 2030. Climate shocks disrupt events and global sports tourism.
Extreme weather and environmental degradation are posing a significant threat to the $2.3 trillion global sports economy, potentially resulting in $500 billion in lost revenue by 2030. A new report by consultancy Oliver Wyman, prepared for the World Economic Forum, warns that while the sector is poised for massive growth, it faces severe disruption from climate shocks and nature loss—risks it often exacerbates through its own environmental footprint. Tony Simpson, partner and global sports industry lead at Oliver Wyman, emphasized that the sector must leverage its influence to drive behavioral change and maximize social benefits.
