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Mahesh

17/01/23 09:02 AM IST

Global Risks Report 2023

In News
  • Natural disasters and extreme weather events’ is also the second-most severe risk that the world needs to be prepared for in the next two years, according to the Global Risks Report 2023 released by the World Economic Forum (WEF.
Major Findings
  • Failure to Mitigate Climate Change’ and ‘Failure of Climate Change Adaptation’ are the two most severe risks facing the world in the next decade, followed by ‘natural disasters and extreme weather events’ and ‘Biodiversity loss and ecosystem collapse’.
  • Today, atmospheric levels of carbon dioxide, methane and nitrous oxide have all reached record highs.
  • Emission trajectories make it very unlikely that global ambitions to limit warming to 1.5°C will be achieved.
  • Over the next 10 years or by 2033, the interconnections between biodiversity loss, pollution, natural resource consumption, climate change and socioeconomic drivers will make for a dangerous mix.
  • In the meantime, the current global pandemic and war in Europe has been held responsible for the energy, inflation and food crises. In fact, ‘cost of living’ ranks as the top most serious global risk in the short term (over the next two years).
  • Failure to mitigate climate change is also a significant global risk that the world is least prepared for.
Global Risks
  • ‘Global risk’ is defined as the possibility of the occurrence of an event or condition which, if it occurs, would negatively impact a significant proportion of global gross domestic product, population or natural resources, according to the WEF.
  • Such events figure among the top five risks in 25 countries, especially developing coastal countries across Latin America, Africa and South-East Asia including India.
  • India recorded extreme weather events on 291 of the 334 days between January 1 and November 30, 2022 according to India’s Atlas On Weather Disaster.
Biodiversity loss
  • Biodiversity within and between ecosystems is already declining faster than at any other point during human history.
  • But unlike other climate-related risks, ‘Biodiversity loss and ecosystem collapse’ has not been perceived to be of concern over the short term.
  • It has been ranked as the 4th most severe risk in the long term or over the next ten years (by 2033).
Source- DTE

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