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Climate change could add around 20% to the global cost of extreme weather events by 2040, according to early findings from Cambridge researchers, who are urging businesses to evaluate their own exposures to the growing risk to improve their resilience and sustainability.

Dr Andrew Coburn of the Cambridge Judge Business School writes on ̽»¨Ö±²¥Conversation website about how business leaders have reawakened to the risk of regional conflict, and discusses research carried out at the Centre for Risk Studies on bad-news scenarios ranging from cyber war to regional conflict to pandemic.