The world's urban centres (especially in developing countries) are already vulnerable to the adverse impacts of climate change and other natural and human-made hazards, particularly in coastal areas, delta regions and Small Island Developing States.
Many of the countries that pledged to restore millions of hectares of degraded land as part of the Bonn Challenge, a global effort to restore 350 million hectares of land by 2030, show high deforestation rates.
Decades of open borders, unceasing intercontinental travel, study abroad, just-in-time inventory systems, and the like have created unexpected vulnerabilities in populations and economies thanks to unfettered openness.
Oslo-based Rystad is projecting a 2.8% fall in the world's oil consumption this year to 97.1 mn barrels / day, which would mark a bigger decline than was seen in 2009 in the aftermath of the global financial crisis.
Risks such as the spread of coronavirus, political uncertainty in the US and Europe, as well as geopolitical risks across the world have combined to cause a severe weakening in investor sentiment since the start of the year.
The spark of mass cancellations means that major hub airports like Hartsfield and Heathrow, where the number of flights to China dropped sevenfold between the start of the year and mid-March, will shut down worldwide travel.