catastrophic risk

Catastrophic risk refers to the potential for events that could cause widespread and severe damage to people, property, or the environment. These risks are typically low-probability but high-impact scenarios, such as natural disasters (like earthquakes or tsunamis), major accidents, or pandemics. They can lead to significant loss of life, economic disruption, and long-term societal changes. Because they can be difficult to predict and prepare for, understanding and managing catastrophic risks is crucial for governments, organizations, and communities to minimize their impact and ensure resilience in the face of crises.