Despite accurate forecasts, weak cyclones in South Asia triggered deadly floods – highlighting how warmer oceans are amplifying rainfall and reshaping cyclone risks in a warming climate.
Nepal’s Gen Z–led uprising, sparked by a social media ban and fuelled by anger over corruption, inequality and joblessness, toppled the government and opened an uncertain path toward political reform.
With investors already confronting the consequences of environmental instability, there can no longer be any doubt that nature risk is financial risk. Asset owners, central banks and institutions like the International Monetary Fund have a responsibility to integrate this awareness into all their activities.