Heat stress readings shattered records in Singapore, reflecting the world's hottest decade on record according to the World Meteorological Organisation. Over 90 per cent of excess heat is stored in the ocean, data showed.
Singapore's draft adaptation plan will address heat resilience, coastal defence, and water security. Climate scientists and NGOs say the plan must also include nature and the most vulnerable to climate risks in its design.
Insurance companies increasingly worry that escalating climate extremes could destabilise financial systems, not their balance sheets – an anxiety felt acutely in Asia Pacific, a MSCI study finds.