Environmental risks dominate the Global Risk Report 2018

European Business & Biodiversity Campaign - News

Environmental risks dominate the Global Risk Report 2018

Extreme weather; biodiversity loss and ecosystem collapse; major natural disasters; man-made environmental disasters; and failure of climate-change mitigation and adaptation are the main concerns of the experts.

The Global Risk Report 2018 – which every January shares the perspectives of global experts and decision-makers on the most significant risks that face the world – cautions that we are struggling to keep up with the accelerating pace of change. It highlights numerous areas where we are pushing systems to the brink, from extinction-level rates of biodiversity loss to mounting concerns about the possibility of new wars.

The annual Global Risks Perception Survey (GRPS) suggests that experts are preparing for another year of heightened risk. As in 2017, the environment was by far the greatest concern raised by experts. Among the 30 global risks the experts were asked to prioritize in terms of likelihood and impact, all five environmental risks – extreme weather; biodiversity loss and ecosystem collapse; major natural disasters; man-made environmental disasters; and failure of climate-change mitigation and adaptation – were ranked highly on both dimensions. Extreme weather events were seen as the single most prominent risk.

The prospect of strong economic growth in 2018 presents leaders with a golden opportunity to address signs of severe weakness in many of the complex systems that underpin our world, such as societies, economies, international relations and the environment. "A widening economic recovery presents us with an opportunity that we cannot afford to squander, to tackle the fractures that we have allowed to weaken the world’s institutions, societies and environment. We must take seriously the risk of a global systems breakdown. Together we have the resources and the new scientific and technological knowledge to prevent this. Above all, the challenge is to find the will and momentum to work together for a shared future," said Professor Klaus Schwab, Founder and Executive Chairman, World Economic Forum.

More information: http://reports.weforum.org/global-risks-2018/
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