According to the 2022 Global Risks Report, as the world enters the third year of the novel coronavirus disease (COVID-19) pandemic, the climate issue remains the greatest long-term danger to humanity.
The World Economic Forum published its annual report, called the Global Risk Report. Approximately 84 percent of the 1,000 experts surveyed by the report’s authors expressed concern or worry about the world in which they live.
So, what does the Global Risks Report 2022 mean for our environment? The World Economic Forum’s 17th Global Risks Perception Survey placed ‘climate action failure’ as the number one risk, with the potential for the most catastrophic consequences over the next decade.
Physical risks, such as a rise in the frequency and intensity of severe weather, are the most well-documented consequences of climate action failure.
Multiple cities throughout the world witnessed unprecedented severe temperatures in 2020, including a record high of 42.7°C in Madrid and a 72-year low of -19°C in Dallas.
The Arctic is also believed to be rising twice as rapidly as the world average, with the temperature hitting an all-time high of 38°C in June 2020.
Extreme weather as a result of climate change is now considered the second-most serious short-term risk, after biodiversity loss, “social cohesion erosion,” “livelihood crises,” and “mental health deterioration,” according to recent events.
But what influence does a pandemic have on climate change discussions? According to the analysis, by 2024, emerging countries (excluding China) will be 5.5% behind their pre-pandemic expected GDP growth, while advanced economies will have surpassed it by 0.9%.
The world’s capacity to address common challenges such as climate change, mitigation, and climate equity would be harmed as a result of such global divergence.
Given the challenges of technical, economic, and cultural change on this scale, as well as the inadequate nature of current commitments, any transition that reaches the net-zero goal by 2050 is likely to be disorderly, according to the report.
The 2022 report, on the other hand, ends on a positive note, pushing countries to look beyond the quarterly reporting cycle and to develop policies that will influence the agenda for the next few years, drawing on lessons learned from the COVID-19 pandemic.