[music] [music] [applause] Good afternoon everyone. Uh so I'm going to start by taking you to party block of Bwani district of Madhya Pradesh. What you see here is a story of heartbreaking loss.The soil is parched. The top soil is gone. Land is parched.The rainwater that falls rushes away. This land is no longer productive. 50% of the land in Badwani district is no longer productive primarily due to water erosion. And Badwani is not the only district in India where this is happening.Millions of hectares of ...

Environmental Awareness - Emphasizes the importance of caring for the planet, highlighting its provision of essential resources like food, water, and air [1] - Advocates for simple actions such as using reusable water bottles, planting trees, and avoiding littering [2] - Illustrates the positive impact of environmental care, including cleaner air, safer water, and thriving forests [4] - Warns of potential consequences of neglecting the environment, such as floods, hotter temperatures, and ecosystem damage [4] Renewable Energy & Sustainability - Showcases examples of renewable energy solutions, such as windmills in the Netherlands providing clean energy to thousands of homes [3] - Highlights Costa Rica's reliance on renewable energy sources for electricity generation [3] - Mentions the development of bricks made from recycled plastic, promoting waste reduction and innovative building materials [3] Call to Action - Encourages individual responsibility in environmental protection, emphasizing that everyone can be a "superhero" through recycling, energy conservation, and general care [4][5] - Promotes a future-oriented perspective, urging collective action to protect the Earth as the only home for future generations [4][5]

Core Insights - The devastating floods in South and Southeast Asia have resulted in over 1,300 fatalities and at least $20 billion in economic losses, highlighting the increasing risks posed by climate change and extreme weather to the region's growing populations and economies [1][8]. Economic Impact - A series of three tropical cyclones coincided with the northeast monsoon, leading to unprecedented rainfall and widespread destruction from Sri Lanka to Indonesia, affecting homes, infrastructure, and agricultural output [2]. - The total economic losses from the recent floods are estimated at $20 billion, with last year's seasonal floods causing approximately $25 billion in losses across the Asia-Pacific region [8]. - Thailand's economy may face additional losses of up to $400 million per month due to paralyzed high-value exports, while Indonesia's losses are estimated at over $4 billion, accounting for 0.29% of its GDP [15][16]. Climate Change and Resilience - Climate change is identified as a significant factor exacerbating flooding in Southeast Asia, with research indicating that "compound disasters" are likely to occur more frequently, increasing the overall damage [3][4]. - The region has a high percentage of its population living in flood-prone areas, with 21% in Malaysia and around 20% in Indonesia, indicating a growing vulnerability as global warming accelerates [4][5]. - Despite the risks, progress in building climate resilience is lagging, as many Southeast Asian countries prioritize growth over disaster preparedness [6]. Infrastructure and Recovery - The recent floods have led to a significant pause in infrastructure projects in the Philippines due to a corruption scandal, impacting investor confidence and economic growth [7]. - Recovery efforts will require substantial fiscal outlays to strengthen infrastructure and build resilience, particularly for poorer economies facing difficult budgetary choices [12]. Sector-Specific Effects - The floods have caused delays in manufacturing growth in Vietnam, with storm damage estimated at $3.2 billion this year, nearing the record losses from Super Typhoon Yagi in 2024 [18]. - Coffee producers in Vietnam are still on track for higher production and exports despite the flooding, indicating some resilience in specific sectors [10].

Core Insights - "Pot of Gold" is an independent documentary now available on Amazon Prime Video in the USA and UK, showcasing a honey beekeeping initiative in Azad Kashmir, Pakistan [1][5] - The film is produced by Chief Productions in collaboration with Human Appeal and distributed by BayView Entertainment, marking it as the first foreign-produced documentary permitted to film in this region [2] Company and Industry Overview - The documentary highlights a successful local initiative that has generated over $1 million in honey sales, emphasizing the connection between humans, honeybees, and the environment [3] - Human Appeal aims to empower local communities through sustainable development and environmental protection, aligning with the themes presented in "Pot of Gold" [4] - BayView Entertainment is recognized as a leading independent distributor, expanding its catalog with impactful documentaries and films, including "Pot of Gold" [7]

Industry Impact - The European Union negotiators reached a deal on new rules that pave the way for gene editing [1] - The gene editing technique will help farmers produce healthier animals and crops [1] Technological Advancement - Gene editing will assist farmers in adjusting to climate change [1]

Core Insights - Klarna has launched its AI for Climate Resilience Program, aimed at using artificial intelligence to enhance climate adaptation and community resilience in severely affected regions [1] Group 1: Initiative Overview - The AI for Climate Resilience Program is a global initiative by Klarna to promote the application of AI in addressing local impacts of climate change [1] - The program focuses on identifying and supporting innovators who are developing practical solutions to combat climate-related challenges [1]

Core Insights - The recent floods in South and Southeast Asia have resulted in over 1,300 fatalities and at least $20 billion in economic losses, highlighting the increasing risks posed by climate change and extreme weather events in the region [1][8] Economic Impact - A series of three tropical cyclones combined with the northeast monsoon have caused unprecedented rainfall and destruction across multiple countries, affecting homes, infrastructure, and agricultural output [2] - The estimated economic losses from last month's floods are based on government and analyst assessments, which may be revised as further damage assessments are conducted [8] - Thailand's economy could face additional losses of up to $400 million per month if flooding conditions persist, particularly affecting high-value exports like electronics and auto parts [15] - Indonesia has experienced losses exceeding $4 billion, accounting for approximately 0.29% of its GDP, due to damage to infrastructure and agricultural output [16] Climate Change and Resilience - Climate change is identified as a significant factor exacerbating flooding risks in Southeast Asia, with predictions of more frequent "compound disasters" in the future [4][19] - The region has a high percentage of its population living in flood-prone areas, with 21% in Malaysia and around 20% in Indonesia, indicating a growing vulnerability as global warming accelerates [5] - Despite the risks, many Southeast Asian countries are lagging in building climate resilience, often prioritizing economic growth over necessary adaptation efforts [6] Political and Social Factors - In the Philippines, a corruption scandal related to flood mitigation funding has led to a pause in infrastructure projects, negatively impacting investor confidence and economic growth [7] - The intersection of political issues and inadequate climate adaptation efforts is particularly acute in the Philippines, affecting overall disaster response and recovery [7][12] Industry Response - While the immediate impact on industrial output from the recent storms has been limited, the long-term effects on supply chains and manufacturing remain uncertain [10][11] - Vietnam's economy has incurred approximately $3.2 billion in losses due to storm damage this year, nearing the record losses from previous severe weather events [18]

Climate Change Impact Assessment - A widely cited study on economic damage from climate change was retracted [1] Research Integrity - Retraction followed criticism from peers, highlighting the importance of peer review in climate change research [1]

Group 1: Climate Change Costs - A study indicates that households in the 10% of U.S. counties most affected by climate change incur an average of $1,300 annually in extra costs, while the nationwide average ranges from $400 to $900 [1] - The study attributes increased costs to more frequent natural disasters, higher insurance premiums, and rising expenses for housing, energy, and food [1] - Lower-income households are disproportionately affected by these climate change-related costs [1] Group 2: Sandisk Stock Performance - Sandisk shares have declined by 6.5% after joining the S&P 500, marking a 14% drop for the week and a loss of about one-third of their value since reaching an all-time high on November 12 [1] - Despite the recent decline, Sandisk's shares have increased over 400% since being spun off from Western Digital in February [1] Group 3: Pure Storage Financial Results - Pure Storage's stock fell 13% after reporting a fiscal 2026 third-quarter GAAP profit of $0.16 per share, below the expected $0.23 per share [1] - Revenue for the quarter was $964.5 million, a 16% year-over-year increase, and the company raised its full-year revenue forecast to between $3.63 billion and $3.64 billion [1] Group 4: GitLab Financial Results - GitLab's stock dropped 9% despite reporting a revenue increase of 25% to $244.4 million and lifting its full-year outlook [1] - The company reported a GAAP Q3 loss of $0.05 per share, compared to a profit of $0.17 a year ago, while adjusted earnings of $0.25 per share exceeded estimates [1] - GitLab has revised its full-year adjusted EPS forecast to a range of $0.88 to $0.89, up from $0.82 to $0.83 [1]

### Key Takeaways* Climate change costs households in some parts of the country an average of $1,300 a year, according to a new study.* The figure is a minimum: the researchers tallied some important costs, such as more expensive insurance, but haven't accounted for everything.* Climate change-related costs are likely to increase in the future unless action is taken to counteract it.Researchers have put a price tag on how much climate change costs you, and the price can be steep depending on where you live. ...