Climate Change

The current climate risk is elevated due to a combination of factors: the third-warmest year on record highlights the ongoing trend of global warming, which exacerbates extreme weather events such as the active tornado season and fires in various regions. The shift in penguin breeding patterns in Antarctica indicates significant ecosystem disruptions due to climate change. Additionally, the state of 'water bankruptcy' as reported by the U.N. underscores the critical resource shortages that are likely to worsen with climate change. Despite these challenges, policy responses remain insufficient, as evidenced by ongoing debates over offshore drilling and energy efficiency funding losses. These issues collectively contribute to a high-risk assessment for both near-term and long-term climate impacts.