Climate change has resulted in more frequent and severe extreme weather events, posing a significant threat to infrastructure, business operations, and communities. According to a study by global insurance broker, AON, extreme weather events such as heat-waves, severe convective storms, and floods have driven losses exceeding $1 Trillion since 2000. Insurers categorize these as “secondary perils” and these losses largely exclude those driven by catastrophic tropical cyclones. Tropical cyclone losses alone add another $2 Trillion. As the financial community awakens to the economic risks and opportunities linked to climate change, investments in climate adaptation and extreme weather initiatives are steadily increasing. Investors are playing a significant role. In just the last few years, private equity and venture capital have invested nearly $500 million into the top five privately backed startups focused on extreme weather. Institutional investors are increasingly reviewing physical climate risks, especially in the insurance sector where growing extreme weather and climate damages have driven losses. Today's panelists will discuss the challenges and opportunities of investing in initiatives that focus on climate and extreme weather. They will explore the potential risks and returns associated with these investments, as well as the role of public-private partnerships and support of innovation in promoting investment in climate adaptation.