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As the world grapples with potentially catastrophic global problems, including climate change, it needs to find solutions by overcoming short-term thinking, risk analysts say. To drive that, a Swedish risk specialist and philanthropist is offering a $5 million prize for the best idea to create a new international decision-making system capable of tackling the world's intractable issues, from extreme poverty to the spread of nuclear weapons and growing environmental damage.The New Shape Prize – that will be awarded next November, after entries close in May – aims to spur fresh thinking about innovative means to solve problems that cross borders and are hard to tackle when most political terms of office are short and many businesses and markets remain focused on near-term gains.A U.N.-brokered deal to tackle climate change, agreed by more than 190 countries in Paris last year, aims to limit global temperature rise to "well below" 2 degrees Celsius, by getting countries to deliver voluntary emissions reductions and financial contributions that could be ratcheted up over time.
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