Views of space weather have undergone significant changes, transforming it from scientific curiosity into a commercially recognized threat. Historically, awareness of space risks has been limited to countries with operational space science missions, but the increasing volume and variety of infrastructure interconnections have changed the status of space weather within the space community, while the increasing volume and variety of infrastructure interconnections have changed the status of space weather within the space community. he magnitude of the associated terrestrial risks has further widened the field of action. risk analysis related to space weather. The corresponding challenges and opportunities are the focus of this article.
It is a sobering fact today that natural hazards account for the majority of economic losses in the world. According to the World Economic Forum’s risk matrix – which is among the most credible – the risk of a “major natural disaster” has increased over the years, both in terms of impact and likelihood. In the middle of more commonly known natural hazards, space weather is now recognized as a major natural hazard of the modern technological era.
Power grids are considered the backbone of modern infrastructure, as a wide variety of industries depend on reliable electricity …
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