GLOBAL RISKS REPORT 2020

Jan. 22, 2020

The World Economic Forum (WEF) released the 15th edition Global Risks Report.

Key findings:

  • The top 5 risks in terms of likelihood over the next decade are environmental. These are:
    • Extreme weather events with major damage to property, infrastructure and loss of human life

    • Failure of climate-change mitigation and adaptation by governments and businesses.

    • Human-made environmental damage and disasters, including environmental crime, such as oil spills, and radioactive contamination.

    • Major biodiversity losses and ecosystem collapse

    • Major natural disasters like earthquakes, tsunamis, volcanic eruptions and geomagnetic storms



  • These are the top 5 risks by severity of impact over the next 10 years:
    • Failure of climate change mitigation and adaptation

    • Weapons of mass destruction

    • Major biodiversity loss and ecosystem collapse

    • Extreme weather events (e.g. floods, storms, etc.)

    • Water crises



  • These are the top most strongly connected global risks:
    • Extreme weather events + failure of climate change mitigation and adaptation

    • Large-scale cyberattacks + breakdown of critical information infrastructure and networks

    • High structural unemployment or underemployment + adverse consequences of technological advances

    • Major biodiversity loss and ecosystem collapse + failure of climate change mitigation and adaptation

    • Food crises + extreme weather events



  • Short-term risks: % of respondents who think a risk will increase in 2020:
    • Economic confrontations = 78.5%

    • Domestic political polarization = 78.4%

    • Extreme heat waves = 77.1%

    • Destruction of natural resource ecosystems = 76.2%

    • Cyberattacks: infrastructure = 76.1%