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Global Risks Report 2022

  • IASbaba
  • January 17, 2022
  • 0
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Global Risks Report 2022

Part of: Prelims and GS-III Environment 

Context: The 17th edition of Global Risks Report was released by the World Economic Forum recently.

About the Global Risks Report

  • The report tracks global risk perceptions among risk experts and world leaders in business, government, and civil society. 
  • It examines risks across five categories: economic, environmental, geopolitical, societal, and technological.

Key takeaways from the current report

  • The world enters the third year of the COVID-19 pandemic, the climate crisis remains the biggest long-term threat facing humanity.
  • It has ranked ‘climate action failure’ as the number one risk, with potentially the most severe impact over the next decade.
  • Developing economies (except China) will have fallen 5.5% below their pre-pandemic expected GDP growth by 2024, while advanced economies will have surpassed it by 0.9%.
  • It is likely that any transition that achieves the net-zero goal by 2050 will be disorderly due to the insufficient nature of current commitments.
  • Digital inequality and cybersecurity failure also feature among the critical short- and medium-term threats.

Do you know?

  • Following are the reports released by WEF:
    • Global Risks Report
    • Fostering Effective Energy Transition
    • Global Social Mobility Report 
    • The Global Gender Gap Report 

News Source: WEF

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