What are the financial impacts of climate change?
Climate change can lead to increased costs in various sectors, including agriculture, insurance, and infrastructure.
Can you give me specific examples of these costs?
Sure! For instance, extreme weather events can damage crops, leading to higher food prices. Insurance claims also rise due to property damage.
How do these impacts affect businesses?
Businesses may face higher operational costs, supply chain disruptions, and increased insurance premiums, affecting their profitability.
What can companies do to mitigate these financial risks?
Companies can invest in sustainable practices, diversify their supply chains, and adopt climate risk assessments to better prepare.
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