As the World Economic Forum hosts its annual meeting in Davos-Klosters, environmental concerns dominate the top of the Forum’s 2020 Global Risks Perception Survey. Only Weapons of mass destruction make it into this priority list as a non-environmental issue.
Damage from natural disasters cost US$ 165 billion in economic stress globally in 2018
Since 2007, The World Economic Forum’s Global Risks Report, based on its annual perception survey, has increasingly flagged environmental issues among the top risks in terms of both likelihood and impact. This trend continues in 2020 with the five most likely risks identified as Extreme weather, Climate action failure, Natural disasters, Biodiversity loss and Human-made environmental disasters. The top five in terms of impact again include Climate action failure, Biodiversity loss and Extreme weather, but also Water crises, which have been consistently identified as a key risk in terms of impact since 2012.