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International Business Times
International Business Times
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Climate Risk Has No Standard, and That Costs Everyone

(Credit: Ron Dembo, CEO of RiskThinking.ai)

I have spent my career building risk systems for the world's largest financial institutions. The work is precise. It is expensive. It is designed to protect capital, and it does that job well. What I have come to believe is that the same rigor needs to exist everywhere, not just where the money is.

Climate change is no longer a future scenario. It is a present condition, and it is accelerating. The World Economic Forum identifies geoeconomic confrontation as the top global risk for 2026, with extreme weather ranked as the most severe long-term risk through 2036. Environmental risks dominate the long-term outlook, and the report notes that these risks will be felt most severely in developing countries with the least capacity to adapt.

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