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GLOBAL RISKS REPORT 2020
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%
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