New Delhi, May 24 -- Have you heard about the boiling frog syndrome? It comes from a fable and it aptly fits with a real-world problem of the present era i.e., climate change. It connotes the notion that we don't feel the difference until it's too late. Our world is in hot waters, massive floods, extreme ocean temperatures, record heat, forest fires burning out of control and pluming smoke. A decade ago any one of these events would have been an aberration but now they all are happening simultaneously. Climate alarm bells are ringing (e.g., Venezuela becomes the first country to lose all its glaciers) and it's time to wake up and hear them because this boiling pot is getting hotter every day.

Interestingly, if a country lost $270 billion...