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What is new about risks in the 21st Century? Recent years have witnessed a host of large-scale disasters of various kinds and in various parts of the world: hugely damaging windstorms and flooding in Europe and ice storms in Canada; new diseases infecting both humans (AIDS, ebola virus) and animals (BSE); terrorist attacks such as those of September 11 in the US and the Sarin gas attack in Japan; major disruptions to critical infrastructures caused by computer viruses or simply technical failure etc. It is not just the nature of major risks that seems to be changing, but also the context in which risks are evolving as well as society's capacity to manage them.