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Climate change is no longer a distant threat, but a present reality affecting our lives. Its economic impact is felt across industries, from agriculture and insurance to real estate and tourism. Rising temperatures, shifting precipitation patterns, and increasing sea levels are not only altering natural landscapes but also reshaping economic activity, affecting supply chains, labor productivity, and overall economic stability.
Emerging markets are often more vulnerable due to their geographical location, limited resources for adaption, and dependence on climate-sensitive industries.
However, advanced economies, while better equipped to implement mitigation strategies, are not immune to the disruptions. In fact, the U.K.