As world leaders prepare to meet in Glasgow later this month for the COP26 climate change conference, they must also recognize that climate-related disasters now demand an entirely new approach to understanding and acting on climate risk.

The Environmental Protection Agency expects weather-related disasters will occur with increased frequency due to climate change. Re-insurer Swiss Re estimates that climate change could strike a $23 trillion blow to the global economy by 2050.

A consensus is emerging among governments and large, institutional investors that our risk exposure to climate change-driven disasters will continue to grow exponentially.


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