On 1 August 2026, Prof. Çisil Sohodol, Director at CIFAL Istanbul, examined how climate risk is becoming a defining economic variable and reshaping investment, competitiveness and institutional resilience in an article published in Dünya Gazetesi.
Abstract
Climate change is increasingly influencing not only environmental conditions, but also the way economies, cities and institutions assess risk and make long-term decisions. Recurrent wildfires, heatwaves, water stress and other climate-related disruptions are affecting production, supply chains, tourism, agriculture, infrastructure and financial planning, turning climate risk into a central factor in investment and competitiveness. The article highlights how resilience and adaptation are becoming critical capabilities for companies, cities and public institutions, as investors, insurers and policymakers increasingly account for physical climate risks in their decisions. It also emphasizes that future competitiveness will depend on the ability to anticipate uncertainty, strengthen infrastructure, build adaptive institutions and develop the human capacity required to respond effectively to changing conditions. In this emerging risk economy, climate resilience is no longer a secondary environmental concern, but a core component of economic and institutional strategy.
To read the full article, follow the link below:
https://www.dunya.com/kose-yazisi/iklim-krizinin-yeni-yuzu-risk-ekonomisi/834454