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Climate Change Risks and Opportunities: Respond, Not React
Climate change poses significant and growing risks to our collective future. Malaysia too, is not spared from the physical and transition risks arising from climate change. The growing intensity and frequency of climate-related events are increasing physical and liability risks to our economy. Climate change and its effects therefore matter to the economy and the financial system. Banks, insurance and takaful operators are exposed to liability risks, asset impairment, and rising claims.