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This report by Zero Carbon Analytics examines how G7 economies are exposed to cross-border climate risks due to the interconnected nature of global supply chains. It highlights that extreme weather events in production hubs—particularly in Asia, Africa, and Latin America—can cause global price spikes, industrial production declines, and threats to food security in industrialised nations. The document argues that because manufacturing is often offshored to lower-cost regions, G7 nations must cooperate internationally to fund climate adaptation in developing countries to secure their own supply chains.

A statement from World Resources Institute President & CEO Ani Dasgupta evaluating the outcomes of COP26, noting that while 151 new national climate commitments were submitted, they are insufficient to limit warming to 1.5°C. The statement highlights progress on phasing down coal, doubling adaptation funding, and addressing loss and damage, while criticizing the failure of developed countries to meet the $100 billion annual finance goal and the decision to allow old emission credits in carbon markets.