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Risk report: World Economic Forum warns of climate change and cyber attacks


Climate change, growing social inequality: The World Economic Forum's Global Risk Report paints a rather bleak picture. Only every sixth decision-maker surveyed is optimistic.

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Climate change has not stopped, social inequality is growing, cyber risks are increasing, economies around the world are recovering from the pandemic in very different ways: In its risk report, the World Economic Forum (WEF) warns of a number of threats to the continued existence of mankind. The leaders and societies of the world would have to unite in order to be able to master the challenges of the current crisis and at the same time be prepared for the next one, according to the world risk report presented on Tuesday. Every year the WEF asks around 1000 decision-makers from business, politics and science about their risk assessments.

One of the top risks for human existence is therefore climate change. The report's authors complain that the measures adopted at the World Climate Conference in Glasgow are not enough to limit global warming to 1.5 degrees. "It is not yet too late for politicians and companies to react to the risks." However, a "resolute and integrative" transition is required to protect people and economies.

In the opinion of the World Economic Forum, too little attention has been paid to the potential danger posed by hacker attacks.

This would currently grow faster "than our ability to eliminate it."

Responsible leadership is not possible without adequate cyber risk management.

In view of the increasing geopolitical tensions, one also has to deal with the possibility of satellite failures.

WEF: Vaccination rates too low in many countries around the world

The WEF is also concerned about how quickly the corona pandemic is coped with.

A vaccination rate of just six percent in the 52 poorest countries in the world is too low.

"The dominance of the pandemic makes it difficult to take a coordinated and sufficiently rapid approach to global challenges - above all climate change."

According to the WEF's expert survey, only 16 percent of the experts are optimistic about the future - and only 11 percent assume that the global economic recovery will accelerate in the coming years.

Meeting postponed to early summer

The world risk report of the World Economic Forum traditionally appears before the meeting of heads of state and business leaders in Davos.

It was originally planned to hold this from January 17th to 21st.

Due to the pandemic, however, it was postponed to an "early summer" date.

The meeting was also postponed in 2021, but was then canceled entirely.

It was supposed to take place in Singapore first in May, then in August, but plans were also dashed by the pandemic.


Source: spiegel

All business articles on 2022-01-11

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