Changes in the climate have the potential to produce significant changes in the risk posed by natural hazards around the world. 

As the world economy grows and changes, the risk to businesses, governments and public well-being will be dominated by the combined dynamic effects of changes in hazards, and the increasingly fast evolution of economic vulnerability to extreme events. The potential exists for economic risks from natural hazards to increase to levels where events with devastating and wide economic impact on countries and companies are no longer rare.

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