February 26, 2026 12:42 PM
Climate shocks threaten $2.3 trillion global sports economy, study warns
Extreme weather threatens annual revenue growth in the $2.3 trillion sports economy, where expansion is driven mainly by tourism tied to resource-depleting global events such as the just-concluded Milano Cortina Games, a report has shown. The sector's growth should be used to maximise social benefits such as reducing public healthcare spending and advancing gender equality. That entails tackling the threat the industry faces from climate change and nature loss - which it risks exacerbating thr...

