A Global Stock Trader’s Guide to More Extreme Weather Events

India marked the highest temperatures in February since 1901.

Georgina McKay and

Ashutosh Joshi

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From Australian mining behemoths to Florida theme parks, investors are betting on whether companies will benefit or take a hit as extreme weather becomes the norm around the world due to climate change.

Hard-to-predict weather has always been one of the risks that companies face, but the rising frequency of events such as flash floods and heat waves adds to uncertainties for businesses and global money managers. It's "virtually certain" that hot extremes will increase globally, and they are likely to last longer, a United Nations climate-change panel said in its latest report.