The world is reeling from record-breaking heatwaves, wildfires and rainfall. Devastating floods have ravaged northern China. Wildfires have ripped through Canada, southern Europe and, in recent days, the Hawaiian island of Maui.
The human toll from these disasters, which experts say are becoming more common and more intense due to human-induced climate change, can be counted first of all in the thousands of lives lost.
But it can also be measured in the economic value destroyed, and potentially created, as governments shift policies to contain or mitigate the climate crisis. In a world that is rapidly becoming more vulnerable to extreme weather events, outdated assumptions about asset values also need recalibrating.
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