physical risks (for example, damaging crops).• financial risks (for example, rising corporate defaults).The Paris Climate Agreement of 2015 is designed to facilitate mitigation and adaptation to climate change. The goal was set to limit the global temperature increase to 1.5 degrees Celsius by the end of this century.However, a 2021 scientific report estimated that the world will cross the benchmark of 1.5 degrees C in the 2030s.The world faces a serious challenge posed by the narrowing window for addressing climate change.