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Nicholas Stern: 'I got it wrong on climate change – it's far, far worse'


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Stern's comments came as Jim Yong Kim, the new president of the World Bank, also at Davos, gave a grave warning about the risk of conflicts over natural resources should the forecast of a four-degree global increase above the historical average prove accurate."There will be water and food fights everywhere," Kim said as he pledged to make tackling climate change a priority of his five-year term.Kim said action was needed to create a carbon market, eliminate fossil-fuel subsidies and "green" the world's 100 megacities, which are responsible for 60 to 70% of global emissions.

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