As global risks intensify, from extreme weather events and resource scarcity to economic volatility and supply chain disruptions, their impacts are projected to vary significantly across regions. Strengthening adaptation and resilience to these evolving risks has therefore become a global priority. Analyses by S&P Global (2023) and the World Bank (2022) highlight that the economic effects of climate and environmental risks will be highly uneven. By 2050, these physical risks could place up to 10–18% of GDP at risk in South Asia, compared with around 6–8% in Sub-Saharan Africa and the Middle