Risk management has reduced vulnerability to floods and droughts globally1,2, yet their impacts are still increasing3. An improved understanding of the causes of changing impacts is therefore needed, but has been hampered by a lack of empirical data4,5. On the basis of a global dataset of 45 pairs of events that occurred within the same area, we show that risk management generally reduces the impacts of floods and droughts but faces difficulties in reducing the impacts of unprecedented events of a magnitude not previously experienced. If the second event was much more hazardous than the first, its impact was almost always higher. This is because management was not designed to deal with such extreme events: for example, they exceeded the design levels of levees and reservoirs. In two success stories, the impact of the second, more hazardous, event was lower, as a result of improved risk management governance and high investment in integrated management. The observed difficulty of managing unprecedented events is alarming, given that more extreme hydrological events are projected owing to climate change3.

Abstract. Since 1990, natural hazards have led to over 1.6 million fatalities globally, and economic losses are estimated at an average of around $260–310 billion per year. The scientific and policy community recognise the need to reduce these risks. As a result, the last decade has seen a rapid development of global models for assessing risk from natural hazards at the global scale. In this paper, we review the scientific literature on natural hazard risk assessments at the global scale, and specifically examine whether and how they have examined future projections of hazard, exposure, and/or vulnerability. In doing so, we examine similarities and differences between the approaches taken across the different hazards, and identify potential ways in which different hazard communities can learn from each other. For example, we show that global risk studies focusing on hydrological, climatological, and meteorological hazards, have included future projections and disaster risk reduction measures (in the case of floods), whilst these are missing in global studies related to geological hazards. The methods used for projecting future exposure in the former could be applied to the geological studies. On the other hand, studies of earthquake and tsunami risk are now using stochastic modelling approaches to allow for a fully probabilistic assessment of risk, which could benefit the modelling of risk from other hazards. Finally, we discuss opportunities for learning from methods and approaches being developed and applied to assess natural hazard risks at more continental or regional scales. Through this paper, we hope to encourage dialogue on knowledge sharing between scientists and communities working on different hazards and at different spatial scales.

Abstract. Whilst the last decades have seen a clear shift in emphasis from managing natural hazards to managing risk, the majority of natural-hazard risk research still focuses on single hazards. Internationally, there are calls for more attention for multi-hazards and multi-risks. Within the European Union (EU), the concepts of multi-hazard and multi-risk assessment and management have taken centre stage in recent years. In this perspective paper, we outline several key developments in multi-(hazard-)risk research in the last decade, with a particular focus on the EU. We present challenges for multi-(hazard-)risk management as outlined in several research projects and papers. We then present a research agenda for addressing these challenges. We argue for an approach that addresses multi-(hazard-)risk management through the lens of sustainability challenges that cut across sectors, regions, and hazards. In this approach, the starting point is a specific sustainability challenge, rather than an individual hazard or sector, and trade-offs and synergies are examined across sectors, regions, and hazards. We argue for in-depth case studies in which various approaches for multi-(hazard-)risk management are co-developed and tested in practice. Finally, we present a new pan-European research project in which our proposed research agenda will be implemented, with the goal of enabling stakeholders to develop forward-looking disaster risk management pathways that assess trade-offs and synergies of various strategies across sectors, hazards, and spatial scales.

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Disaster risks are the results of complex spatiotemporal interactions between risk components, impacts and societal response. The complexities of these interactions increase when multi‐risk events occur in vulnerable contexts characterized by ethnic conflicts, unstable governments, and high levels of poverty, resulting in impacts that are larger than anticipated. Yet, only few multi‐risk studies explore human‐environment interactions, as most studies are hazard‐focused, consider only a single‐type of multi‐risk interaction, and rarely account for spatiotemporal dynamics of risk components. Here, we developed a step‐wise, bottom‐up approach, in which a range of qualitative and semi‐quantitative methods was used iteratively to reconstruct interactions and feedback loops between risk components and impacts of consecutive drought‐to‐flood events, and explore their spatiotemporal variations. Within this approach, we conceptualize disaster risk as a set of multiple (societal and physical) events interacting and evolving across space and time. The approach was applied to the 2017–2018 humanitarian crises in Kenya and Ethiopia, where extensive flooding followed a severe drought lasting 18–24 months. The events were also accompanied by government elections, crop pest outbreaks and ethnic conflicts. Results show that (a) the highly vulnerable Kenyan and Ethiopian contexts further aggravated drought and flood impacts; (b) heavy rainfall after drought led to both an increase and decrease of the drought impacts dependent on topographic and socio‐economic conditions; (c) societal response to one hazard may influence risk components of opposite hazards. A better understanding of the human‐water interactions that characterize multi‐risk events can support the development of effective monitoring systems and response strategies.