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Global Risk Report 2023

Environment & DM

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  • Recently, the Global Risks Report 2023, an annual report, was released by the World Economic Forum.
  • It is the 18th edition of the report.
  • It 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.

Risks in India

  • Digital inequality
  • Geopolitical confrontation for resources,
  • Rising cost of living
  • Debt crisis
  • Natural disasters
  • Extreme weather events

Other Risks

  • As an economic era ends, the next will bring more risks of stagnation, divergence and distress.
  • Geopolitical fragmentation will drive geoeconomic warfare and heighten the risk of multi-domain conflicts.
  • Technology will exacerbate inequalities while risks from cybersecurity will remain a constant concern
  • Climate mitigation and climate adaptation efforts are set up for a risky trade-off, while nature collapses
  • Food, fuel and cost crises exacerbate societal vulnerability while declining investments in human development erode future resilience
  • As volatility in multiple domains grows in parallel, the risk of polycrises accelerates.


  • There is a return of “older” risks – inflation, cost-of-living crises, trade wars, capital outflows from emerging markets, widespread social unrest, geopolitical confrontation and the spectre of nuclear warfare – which few of this generation’s business leaders and public policy – makers have experienced.
  • These are being amplified by comparatively new developments in the global risks landscape, including unsustainable levels of debt, a new era of low growth, low global investment and de-globalization, a decline in human development after decades of progress, rapid and unconstrained development of dual-use (civilian and military) technologies, and the growing pressure of climate change impacts and ambitions in an ever-shrinking window for transition to a 1.5°C world.

World Economic Forum

  • World Economic Forum (WEF) is a Swiss nonprofit foundation established in 1971, based in Geneva, Switzerland.
  • Reports:
    • Energy Transition Index.
    • Global Competitiveness Report.
    • Global Gender Gap Report.
    • Global Travel and Tourism Report.

Global Climate Risk Index

  • Released by international environmental think tank – Germanwatch.
  • Also releases Climate Change Performance Index along with New Climate Institute and the Climate Action Network.

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