Gross Domestic Climate Risk Report

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
  • Most vulnerable countries: China has the highest number of provinces in the top 50 most climate risk-prone territories of the world, followed by the United States.
    • Over half of the provinces in the global top 50 are in China. After China, the US has the most high-risk states with 18 states in the top 100.
    • Together, China, India and the US make up over half the states and provinces in the top 100.
  • Most vulnerable region: South East Asia experiences the greatest escalation in damage from 1990 to 2050 anywhere in the world.
  • Major climate hazards: Globally, most damage is caused by riverine and surface flooding or flooding combined with coastal inundation.
India’s Climate Risk Profile for 2050
  • According to the report, 14 Indian states are set to remain within the top100 most climate risk-prone territories of the world by 2050.
  • The 14 Indian states in the top 100 in the world for damage risk all share flooding as their main hazard – Bihar, Uttar Pradesh, Assam, Rajasthan, Tamil Nadu, Maharashtra, Gujarat, Punjab, Kerala, Madhya Pradesh, West Bengal, Haryana, Karnataka and Andhra Pradesh.
  • Most vulnerable states:
    • Bihar is set to be the most climate-vulnerable region in India by 2050 with a global rank of 22nd, according to the report.
    • It is followed by Uttar Pradesh and Assam with 25th and 28th ranks respectively.
    • However, Assam is the global topper within the top 50 vulnerable regions in terms of increase of climatic impacts during 1990-2050, a whopping 330 per cent.

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