“Failure of climate-change mitigation and adaptation, which is considered the most potentially impactful risk and the third most likely” states the WEF Global Risks Report 2016. “Environmental worries have been at the forefront in recent years reflecting a sense that climate change–related risks have moved from hypothetical to certain”, also underlines the report.

Also, acute shocks as earthquakes, floods – to only include events caused by natural causes -, may significantly threaten the urban resilience, if risk mitigation and recovery financing solutions are not consistently and substantially taken into consideration.