Climate change is one of 5 forces reshaping the world order, according to Ray Dalio, the founder of hedge fund Bridgewater Associates and a student of history who has tracked centuries of patterns in economics and geopolitics for his series of best-selling books. He explains how climate change will power a global transformation of economies and societies that’s both “existential” and potentially “catastrophic.” He’ll share how bridging climate finance gaps can mitigate the worst impacts of a warming planet and how smart use of climate philanthropy can de-risk the investments needed for critical innovations and progress. This interview was recorded in August 2024 at the World Economic Forum headquarters in Geneva.