Global Risk Governance

Global risks, global opportunities, and global risk governance challenges are interconnected. Global risks are not confined to national borders and cannot be managed by a single sector alone. The governance of global, systemic risks requires an integrative approach that involves governments, intergovernmental organizations, industry, academia, and civil society. Risk accompanies change and is a permanent and significant part of life. The willingness and capacity to take and accept risk are crucial for achieving economic development and introducing new technologies. Many risks, particularly those arising from emerging technologies, come with potential benefits and opportunities. The challenge of better risk governance lies in enabling societies to benefit from change while minimizing the negative consequences of the associated risks.