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