This document discusses transboundary climate risks and how to manage them. It defines transboundary climate risks as risks created by climate impacts or adaptation responses that cross national borders. It provides examples of transboundary food price and flooding risks. It emphasizes the need to address knowledge gaps, adopt new approaches, enhance regional cooperation, facilitate transboundary adaptation responses, and strengthen resources to manage these risks. Reframing adaptation as a global public good could help by considering transboundary risks in addition to local risks and requiring transparency, cross-border thinking, and increased multilateral cooperation.