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Systemic Risk

Systems can be affected by critical events or shocks that occur outside or within the system. Systemic risk is associated with cascading impacts that spread within and across systems and sectors via the movements of people, goods, capital and information within and across boundaries. The spread of cascading impacts can lead to potentially existential consequences and system collapse across a range of time horizons.

Latest Systemic Risk additions in the Knowledge Base

A cargo ship traverses rough seas off the coast of Shanghai
Update

Navigating troubled waters: Impact to global trade of disruption of shipping routes in the Red Sea, Black Sea and Panama Canal - UNCTAD rapid assessment

For the first time, the world faces simultaneous disruptions in two major global maritime trade waterways, with far-reaching implications for inflation and food and energy security.
United Nations Conference on Trade and Development
Cover and source: United Nations Conference on Trade and Development
Documents and publications

Navigating troubled waters: Impact to global trade of disruption of shipping routes in the Red Sea, Black Sea and Panama Canal - UNCTAD rapid assessment

Disruptions that affect international shipping have the potential to reshape global maritime networks and reconfigure the world trading map. This UNCTAD rapid assessment looks into the situation of global maritime networks and shipping amid crisis.
Update

Victoria’s power outage could have been far worse. Can we harden the grid against extreme weather?

The power outage that hit Victoria could have been much worse. It speaks to the urgent need to harden power grids against the more frequent extreme weather expected under climate change.
Conversation Media Group, the
Research briefs

Covid-19, climate change, armed conflicts: world’s crises can lead to interconnected polycrisis

The world is currently experiencing a worsening polycrisis, caused by an entanglement and nonlinear amplification of many of the world’s crises, like the Covid-19 pandemic, climate change and armed conflicts such as Russia’s war on Ukraine.
Potsdam Institute for Climate Impact Research
A traffic officer drinks water during a hot day in Kolkata, India
Update

Next year likely to surpass 2023 as the hottest ever

With climate change and an incipient El Niño driving up temperatures, 2024 is likely to eclipse 2023 as the hottest year ever, meteorologists project.
Yale Environment 360
CRM
Documents and publications

Systemic risk and compound vulnerability impact pathways of food insecurity in Somalia

This publication uses a systemic risk impact pathway (SRIP) model to gain data-driven insights on the drivers of systemic risk and the impacts on food insecurity in Somalia.
Cover
Documents and publications

Australia's Riskscape

This report is a companion piece to the Major Incidents Report 2022–23, drawing upon some of these findings.
Cover
Documents and publications

Reducing risks together: A systemic approach to reducing disaster risk in Europe

This policy brief summarises learnings from the first 1.5 years of the MYRIAD_EU project. The project is designed to catalyse the paradigm shift required to move towards a multi-risk, multi-sector, systemic approach to risk assessment and management.

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