World Economic Forum: Top Global Risks for 2016

In this year’s World Economic Forum’s annual survey, experts assessed global risks for both impact and likelihood. “The risk with the greatest potential impact in 2016 was found to be a failure of climate change mitigation and adaptation. This is the first time since the report was published in 2006 that an environmental risk has topped the ranking. This year, it was considered to have greater potential damage than weapons of mass destruction (2nd), water crises (3rd), large-scale involuntary migration(4th) and severe energy price shock (5th).”

Image Source: World Economic Forum, Global Risks Report 2016

“The number one risk in 2016 in terms of likelihood, meanwhile, is large-scale involuntary migration, followed by extreme weather events (2nd), failure of climate change mitigation and adaptation (3rd), interstate conflict with regional consequences (4th) and major natural catastrophes (5th).” Read the entire report here.

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