Climate Change

The current climate risk is elevated by several factors: extreme weather events have already caused over $100 billion in damage this year, indicating a trend of increasing severity and frequency of such events. Additionally, critical ecosystems like the Arctic and coral reefs are under significant threat, with Arctic seals and global bird populations declining, and coral reefs nearing survival limits. Despite some positive developments, such as China's new pledge to cut emissions, global policy actions remain inadequate to address the accelerating impacts of climate change. Furthermore, the potential onset of climate tipping points and feedback loops, such as those suggested by the discovery of a 'supercharged thermostat,' could exacerbate long-term planetary risks.