Context: Majority of the Indian states are at a great risk of damage to the built environment due to climate change hazards, according to a new report ‘Gross Domestic Climate Risk’.
About the ‘Gross Domestic Climate Risk’ Report
- The report was published by Australia-based Cross Dependency Initiative or XDI.
- XDI is a part of the Climate Risk Group of companies quantifying the costs of climate change.
- The report ranks over 2,600 jurisdictions around the world in 2050 according to modelled projections of damage to the built environment from extreme weather and climate change including from flooding, forest fires and sea level rise.
- Built environment refers to aspects of the surroundings that are built by humans to support human activity like homes and workplaces.
- The report also identifies which of these jurisdictions see the greatest escalation of modelled damage from 1990 to 2050.
- The report is primarily aimed at helping investors with their choice of long-term investment destinations.
Major Highlights of the Report
|Global Climate Risk Profile for 2050|
|India’s Climate Risk Profile for 2050|