A report by World Economic Forum and Oliver Wyman predict severe consequences of floods, droughts, and heatwaves due to climate change.

By 2050, floods could cause an additional 8.5 million deaths, mainly due to rising sea levels and increased water evaporation.

Droughts could lead to up to 3.2 million deaths by 2050, causing reduced water availability and food insecurity.

Heatwaves could cost $7.1 trillion and result in nearly 1.6 million deaths by 2050, with regions like the US, Central America, India, and Australia being most affected.

The report stresses the need for resilient healthcare systems and reduced greenhouse gas emissions.

India's innovative approach to water security and the importance of a circular economy and clean energy transition are highlighted.

Collaborative efforts and innovative approaches are deemed essential to tackle climate and environmental challenges.