Look, there's no doubt that we are seeing with increasing frequency extreme weather events—floods, forest fires, heat waves—and those are affecting people's lives. They're affecting people's livelihoods.
I think the other thing we're seeing is that even.... You can go back to B.C. a couple of summers ago. You had the drought and then you had severe flooding. Well, the infrastructure damage caused by that is still being repaired—roads were knocked out, bridges were knocked out—so the other effect we're seeing is that this can disturb supply chains.
More recently, in Europe the Rhine was very low this year. It was very dry. That was creating shipping bottlenecks. More recently, the Mississippi has been very low. That's creating shipping bottlenecks.
There's no doubt that these things are having very significant local effects on the citizens, but they can also have broader economic effects—on harvests and on supply chain infrastructure. That is something that really speaks to the importance of investing in transition, but also investing in adaptation and mitigation.