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The world is "one tiny tantrum away" from a nuclear crisis, the International Campaign to Abolish Nuclear Weapons said on Sunday as it accepted the Nobel Peace Prize.

"We have a choice, the end of nuclear weapons or the end of us," the group's executive director Beatrice Fihn said, according to a BBC report.  ICAN, a network of more than 400 global NGOs, won the prize for its efforts in highlighting the dangers of nuclear weapons, as well as working on a treaty to ban them.

Speaking at the Nobel ceremony in Oslo, Fihn said that the threat of nuclear weapons being used is "greater today than in the Cold War," and warned that a country's "moment of panic" could lead to the "destruction of cities and the deaths of millions of civilians."

Nobel committee chair Berit Reiss-Andersen commended ICAN's work towards eliminating nuclear weapons, and warned that "irresponsible leaders can come to power in any nuclear state."

The group's win was announced in October, to international applaud.

Following the statement, Izumi Nakamitsu, the UN Under-Secretary-General and High Representative for Disarmament Affairs, said in a UN broadcast that ICAN's win comes at a time when everyone "realizes the danger that we are all living in terms of nuclear peril."