WEF's top 5 global risks for 2020 are all about the environment [CNBC]
ZURICH INS GROUP S/ADR (ZURVY)
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Source: CNBC
Burnt trees are seen in Mallacoota on January 15, 2020 , Australia. The Princes Highway between Mallacoota and Orbost remains closed to public due to the risk of falling trees following the devastating bushfires that have swept through East Gippsland in recent weeks. Luis Ascui Respondents were asked to assess both the likelihood of a global risk occurring over the course of the next 10 years, and the severity of its impact at a global level if it were to occur. For the first time in the survey's 10-year outlook, the top five global risks in terms of likelihood were all environmental, with extreme weather events, human-made environmental damage and disasters and major biodiversity loss and natural disasters from earthquakes to tsunamis all the likeliest risks in 2020. In terms of the severity of impact over the next 10 years, the top risk was deemed to be the failure of climate change mitigation and adaptation. "Geopolitical turbulence is propelling us towards an 'unsettled' unilate
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