What climate-related physical risks could spur government action? (frequency of mentions)

Climate Risk Survey Oct 2024

Survey responses suggest that acute events are far more likely to prompt government action than chronic or indirect risks (Exhibit 15). This aligns with insights from behavioral economics — availability heuristics make vivid, firsthand experiences much more impactful. In essence, it’s the boiling frog paradox on a global scale: gradual risks are often ignored, while sudden, devastating events demand immediate attention.

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