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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

Haiti earthquake 2010
Update

All disaster risk is systemic, all disaster impact is systemic...but what does it mean?

Disaster risk has always been systemic and understanding risk in those terms must become the ‘new normal'. No single approach is adequate, given the complex and uncertain nature of risk; instead, 'toolbox approaches' are needed
International Science Council (ISC)
United Nations Office for Disaster Risk Reduction
Risk-KAN Working Groups
Briefing note on systemic risk
Documents and publications

Briefing note on systemic risk

This Briefing Note provides a review of systemic risk science and practice , and identifies opportunities for research, policy and practice from the perspective of climate, environmental and disaster risk science and management.
Update

New IPCC report shows Australia is at real risk from climate change, with impacts worsening, future risks high, and wide-ranging adaptation needed

Climatic trends, extreme conditions and sea-level rise are hitting many of Australia’s ecosystems, industries and cities. As climate change intensifies, we see cascading and compounding impacts and risks, including where extreme events coincide.
Conversation Media Group, the
Tsunami-warning-system
Update

Strengthening emergency communications for complex, cascading and compounding events – lessons learned from the Hunga Tonga-Hunga Ha’apai eruption and tsunami in Tonga

The January 2022 Hunga Tonga-Hunga Ha’apai eruption and tsunami in Tonga was a ‘textbook’ example of complex, cascading and compounding risks. In this long-read blog, Bapon Fakhruddin and Emma Singh discuss the lessons learned for disaster risk response.
International Science Council (ISC)
Human silhouette over a dry field
Research briefs

Co-occurring droughts could threaten global food security

Droughts occurring at the same time across different regions of the planet could place an unprecedented strain on the global agricultural system and threaten the water security of millions of people, according to a new study in Nature Climate Change.
Washington State University
This image shows the first page of the publication.
Documents and publications

Lessons from COVID-19 for managing transboundary climate risks and building resilience

This review aims to distil lessons related to the transboundary management of systemic risks from the COVID-19 experience, to inform climate change policy and resilience building.
Update

Disaster risk reduction (DRR) and peacebuilding: Realizing DRR’s unexplored potential through environmental peacebuilding

Despite the increased recognition of the compounded risks of disaster, fragility, and potentially conflict, intersections between disaster risk reduction (DRR) and peacebuilding have remained largely unexplored.
Medium
Update

What is a climate stress test? A sustainable finance expert explains

In the simplest terms, a stress test helps individuals and institutions mitigate risk and make better decisions by playing out big economic shocks to ensure they have what it takes to weather the storm.
Conversation Media Group, the

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