The Cross Dependency Initiative (XDI) has recently released its XDI Gross Domestic Climate Risk, in an attempt to calculate the physical climate risk to built environment due to climate change in 2050. As per the report, many Indian territories stand vulnerable to damage alongside various global counterparts.
The report pointed out that a total of nine Indian states including Maharashtra, Bihar, Uttar Pradesh, Assam, Rajasthan, Gujarat, Punjab, Kerala and Tamil Nadu are a part of the global top 50 regions at risk of damage to built environment. The report took into account over 2,600 states and provinces globally. Of all the nine states, Assam would see an increase in climate risk to built environment of more than 330 per cent by 2050 as compared to 1990.
Moreover, the data revealed that 80 per cent of the top 50 most at-risk states and provinces in 2050 are in China, India and the United States. With India and China at the top of the list, Asian regions make for more than half of the top 200 at the highest risk in 2050.
“This is the most sophisticated global analysis of physical climate risk to date, offering a breadth and depth and granularity on a scale we haven't seen before. Now – for the first time – the finance industry can directly compare Mumbai, New York and Berlin using a like-for-like methodology,” said XDI CEO Rohan Hamden in a statement about the analysis.
XDI added that while the regions not on the list may not be ‘high risk’, it would not be safe to put them in the ‘low risk’ category either. This is because many states and provinces may not be featured in the list due to a comparatively lower number of residential, commercial, and industrial buildings.
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