Climate Change

The current climate risk is elevated by several factors: the strengthening of El Niño events, which are linked to more severe weather patterns globally; the recent catastrophic floods in Nepal, which highlight the increasing frequency and intensity of climate-induced natural disasters; and the failure of policy measures, such as New York's attempt to hold fossil fuel companies accountable for climate change damages, which was struck down by the courts. These events underscore the urgent need for effective climate policies and adaptation strategies as the impacts of climate change become more pronounced. Additionally, the potential for significant increases in food prices due to global warming further compounds the risk, threatening food security worldwide.