Davos 2020: Climate Crisis Tops Economy, Governance As Biggest Global Risk, WEF Survey Shows

Bloomberg Quint | Jan 15, 2020 at 8:49 PM
  • The five biggest long-term risks facing the world today are environmental in nature, while the immediate risks that are expected to increase in 2020 are economic and political polarisation, a new survey by the World Economic Forum showed.
  • For the short-term, the top risks that are likely to rise in 2020 are economic confrontations, domestic political polarization, extreme heatwaves, destruction of natural resource ecosystems and cyber attacks.
  • It also flagged major biodiversity loss and ecosystem collapse (terrestrial or marine) with irreversible consequences for the environment, resulting in severely depleted resources for humankind and industries; as well as major natural disasters such as earthquakes, tsunamis, volcanic eruptions, and geomagnetic storms.