This podcast highlights the necessity of advancing the science and practice of climate risk management (CRM) in response to escalating global climate risks and insufficient current adaptation efforts. Extreme weather and "new climate normals" demonstrate the inadequacy of traditional responses, forcing a critical reflection on how CRM has evolved since its origins in the late 1990s. To prepare for the coming decade, the authors encourage research addressing several interrelated frontiers, including improvements in adaptation decision support and finance, which currently suffers from a significant funding gap. Further crucial research areas include examining the connections between climate change and human and national security, as well as the responsible application of emerging technologies and innovation like artificial intelligence. Finally, the authors stress the need to focus on equitable adaptation and justice to avoid reinforcing existing social inequalities, alongside rigorous evaluation and learning mechanisms to sustain effective, long-term change.