Systemic Risk Archives - Page 2 of 3

WTW Research Network Risk & Resilience Review: Emerging Risks from Geopolitical Shifts

This report by the WTW Research Network “introduces research and opinions that provide new perspectives to support risk management and resilience.” In particular, this report focuses on WTW’s work in geopolitics, topics such as supply chains, national competition, and emerging risks and their interconnectivity. WTW posits that the topics covered “highlight a need for an […]

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Global Tipping Points Report 2023

Global Tipping Points is a report, led by the University of Exeter’s Global Systems Institute and funded by the Bezos Earth Fund, that identifies negative and positive tipping points with regards to ongoing global crises. According to the report, the existence of negative tipping points shows that the threats posed by the current crises we

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Evolution of the Polycrisis: Anthropocene Traps that Challenge Global Sustainability

In this article, the authors, inspired by the polycrisis, identify and explore potential 14 traps affecting humanity in the global human context, brought about by the trajectory of our increasing complexity and influence on the Earth system. These traps are then categorized as global, technological, or structural traps and then further assessed to produce statistical

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Mitigating Global Warming is Not Our Only Problem: Are We “Sleepwalking” Towards a Global Polycrisis?

William White argues that climate policy around the world is lacking in dimensions of “should” (clear analysis of what must be done), “could” (the power to implement solutions), and “would” (the actual use of that power to address the problem). The even greater challenge, however, is that climate change is not the only global systemic

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Let’s Avoid ‘Trigger Fixation’

The authors argue that a trigger event can’t start a crisis by itself; some underlying stress or stresses must also be operating. They contend that leaders should pay far more attention to these stresses, because they’re ultimately far more important. The original title of the article was “Let’s Avoid ‘Trigger Fixation.” The Globe and Mail

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The Global Polycrisis Reflects a Civilizational Crisis that Calls for Systemic Alternatives

Zack Walsh argues that the current level of globalization, number of systemic risks, and continued depletion of the Earth’s resources will generate some sort of societal collapse. He details these systemic risks, defines polycrisis and existential risk, and discusses the distressing impacts of climate change on our global trajectory. “Current forecasts suggest that unless we

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Global Risks Report 2023

This 18th edition of the World Economic Forum’s Global Risks Report is based on a risk perceptions survey of 1200 experts on the likelihood, severity, and interconnections between 37 global risks. It finds that the biggest risk in the next two years is the cost of living crisis, and the biggest risk in the next

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Global Warming Overshoots Increase Risks of Climate Tipping Cascades in a Network Model

The research examines the risk of climate tipping under various temperature overshoot scenarios using a simplified network model. It shows that temporary overshoots can increase the tipping risks up to 72% compared with non-overshoot scenarios. It suggests that to avoid high-end climate risks, low-temperature overshoots and stabilization of long-term temperatures at or below current levels

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What is a Global Polycrisis? And how is it Different from a Systemic Risk?

This discussion paper proposes that “A global polycrisis occurs when crises in multiple systems become causally entangled in ways that significantly reduce humanity’s prospects. These interacting crises produce harms greater than the sum of those the crises would produce in isolation, were their host systems not so deeply intertwined” (p. 2). The authors then elaborate

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Polycrisis and Long-Term Thinking: Reimagining Development in Asia and the Pacific Foresight Brief

This Foresight Brief argues that conventional risk management frameworks cannot grapple with the growing number of systemic and existential risks generated by decades of globalization. Instead, these risks require more long-term thinking – “intentional consideration of what might happen in the future, the choices for influencing it and the consequences of those choices” (p. 10).

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