World Economic Forum’s Global Risks Report 2020

World Economic Forum’s Global Risks Report 2020

The World Economic Forum has published its Global Risks Report 2020.

For the first time in the survey’s 10-year outlook, the top five global risks in terms of likelihood are all environmental and include:

* 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 loss and ecosystem collapse (terrestrial or marine) with irreversible consequences for the environment, resulting in severely depleted resources for humankind as well as industries;
* Major natural disasters such as earthquakes, tsunamis, volcanic eruptions, and geomagnetic storms.

For 2020, the report forecasts a year of increased domestic and international divisions and economic slowdown. The report says that collaboration between world leaders, businesses and policy-makers is needed more than ever to stop severe threats to our climate, environment, public health and technology systems.

The percentage of respondents who think a risk will increase in 2020:

* Economic confrontations = 78.5 percent
* Domestic political polarization = 78.4 percent
* Extreme heat waves = 77.1 percent
* Destruction of natural resource ecosystems = 76.2 percent
* Cyberattacks: infrastructure = 76.1 percent.

A full copy of the Global Risks Report 2020 can be found at the World Economic Forum’s website.