The Global Risks That Have Gotten Worse Since COVID-19
Each year, the World Economic Forum (WEF) puts together its Global Risks Report, an analysis of the top risks that pose a threat to the world.
The report includes data from nearly 1,000 surveyed leaders, across various organizations and regions. In this year’s report, respondents were asked which global risks have gotten worse since the start of the pandemic.
Here’s what they said.
According to respondents, the erosion of social cohesion is the global risk that has intensified the most since the start of the global pandemic. The WEF defines this as the loss of social capital or social stability.
|Risk||Category||% of respondents|
|Social cohesion erosion||Societal||27.8%|
|Climate action failure||Environmental||25.4%|
|Mental health deterioration||Societal||23.0%|
|Backlash against science||Societal||9.5%|
|Human environmental damage||Environmental||7.8%|
|Interstate relations fracture||Geopolitical||7.0%|
|Asset bubble burst||Economic||6.7%|
|Social security collapse||Societal||6.2%|
|Adverse tech advances||Technological||5.3%|
|Tech governance failure||Technological||4.5%|
|Geopolitical resource contestation||Geopolitical||4.4%|
|Digital power concentration||Technological||4.3%|
|Public infrastructure failure||Societal||4.2%|
|Natural resource crises||Environmental||2.7%|
|IT infrastructure breakdown||Technological||2.4%|
|Illicit economic activity||Economic||2.2%|
|Pollution harms to health||Societal||1.9%|
|Weapons of mass destruction||Geopolitical||0.3%|
Inequality existed long before COVID-19, but the pandemic has only made things worse.
For example, employment recovery has been uneven across the United States. High-wage workers have seen employment rates bounce back fairly quickly after their Spring 2020 slump, while low-wage workers haven’t recovered at the same rate.
As of August 2021, employment rates for those making below $27K a year were still down 25% compared to pre-pandemic levels.
In addition to societal threats, a couple environmental risks made it to the top of the list as well. Both Climate action failure and extreme weather were in the top five.
Considering how difficult it’s been for international governments to collaborate on COVID-19 relief efforts, respondents feel less than optimistic that we’ll manage to seamlessly deal with the chaos that could come from environmental risks, which are similarly complex.
Which global risk do you think has worsened the most since the start of the pandemic?
Can You Calculate Your Daily Carbon Footprint?
Discover how the average person’s carbon footprint impacts the environment and learn how carbon credits can offset your carbon footprint.
Your Everyday Carbon Footprint
While many large businesses and countries have committed to net-zero goals, it is essential to acknowledge that your everyday activities also contribute to global emissions.
In this graphic, sponsored by Carbon Streaming Corporation, we will explore how the choices we make and the products we use have a profound impact on our carbon footprint.
Carbon Emissions by Activity
Here are some of the daily activities and products of the average person and their carbon footprint, according to Clever Carbon.
|Household Activities & Products||CO2 Emissions (g)|
|💡 Standard Light Bulb (100 watts, four hours)||172 g|
|📱 Mobile Phone Use (195 minutes per day)*||189 g|
|👕 Washing Machine (0.63 kWh)||275 g|
|🔥 Electric Oven (1.56 kWh)||675 g|
|♨️ Tumble Dryer (2.5 kWh)||1,000 g|
|🧻 Toilet Roll (2 ply)||1,300 g|
|🚿 Hot Shower (10 mins)||2,000 g|
|🚙 Daily Commute (one hour, by car)||3,360 g|
|🍽️ Average Daily Food Consumption (three meals of 600 calories)||4,500 g|
|*Phone use based on yearly use of 69kg per the source, Reboxed|
Your choice of transportation plays a crucial role in determining your carbon footprint. For instance, a 15 km daily commute to work on public transport generates an average of 1,464 g of CO₂ emissions. Compared to 3,360 g—twice the volume for a journey the same length by car.
By opting for more sustainable modes of transport, such as cycling, walking, or public transportation, you can significantly reduce your carbon footprint.
Addressing Your Carbon Footprint
One way to compensate for your emissions is by purchasing high-quality carbon credits.
Carbon credits are used to help fund projects that avoid, reduce or remove CO₂ emissions. This includes nature-based solutions such as reforestation and improved forest management, or technology-based solutions such as the production of biochar and carbon capture and storage (CCS).
While carbon credits offer a potential solution for individuals to help reduce global emissions, public awareness remains a significant challenge. A BCG-Patch survey revealed that only 34% of U.S. consumers are familiar with carbon credits, and only 3% have purchased them in the past.
About Carbon Streaming
By financing the creation or expansion of carbon projects, Carbon Streaming Corporation secures the rights to future carbon credits generated by these sustainable projects. You can then purchase these carbon credits to help fund climate solutions around the world and compensate for your own emissions.
Ready to get involved?
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