• UGI USER
  • Feb 27, 2023
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Gross Domestic Climate Risk Ranking

News: India contains nine states in the 50 high risk states, including Punjab, Bihar, Uttar Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Gujarat, Kerala, and Assam, according to the Cross Dependency Initiative’s (XDI) rating of Gross Domestic Climate Risk.

 

  • Global company XDI specialises in analysing climate risk for governments, financial institutions, and businesses.
  • In 2,600 States and provinces around the world in 2050, the index determined the “Physical Climate Risk” to built environments, such as buildings and properties.
  • The index gave each region an Aggregated Damage Ratio (ADR), which represents the overall amount of harm that region’s built environment would endure in 2050. A high ADR indicates greater risk.

 

Global Findings:

 

  • According to the analysis, China, the US, and India would account for the vast majority (80%) of the 50 provinces whose physical infrastructure will be most at risk from climate change by 2050.
  • Jiangsu and Shandong, two of China’s largest sub-national economies, come in first place globally, followed by the United States, which has 18 areas included within the top 100.
  • Asia dominates the list, accounting for 114 of the top 200 regions, including Pakistan, Indonesia, and the majority of the South East Asian nations.
  • In 2022, devastating flooding ruined more than 9 lac homes in Sindh province and devastated 30% of Pakistan’s land.

 

Findings in India:

 

  • High risk provinces will have an average 110% increase in damage risk by 2050 under high emissions scenarios like the Representative Concentration Pathway (RCP) 8.5.
  • With a current temperature increase of 0.8 degrees, all 27 of India’s states and more than 75 percent of its districts are extreme event hotspots, which results in a 5% decline in GDP.
  • Climate-vulnerable states in India will lose more than 10% of their gross state domestic product if global warming exceeds 2-degree thresholds (GSDP).
  • The three Indian States with the highest ADR were Bihar, Assam, and Tamil Nadu. Particularly in Assam, the risk from climate change would increase by much to 330% by 2050.

 

  • Since 2011, there have been an exponentially greater number of floods in Assam, which also has 15 of the 25 districts in India that are most vulnerable to climate change.

Maharashtra’s 11 out of 36 districts were judged to be “extremely vulnerable” to severe weather, droughts, and declining water security.