China, the United States and India are most at risk of economic climate damage

China, the United States and India are most at risk of economic climate damage

16 of the 20 regions most vulnerable to the climate crisis are in China. This was stated in a new report issued by the research agency XDI. Along with China, India and the United States in particular will be most affected by climate change by 2050.

The economies of the three superpowers are in the corner where climate storms will hit, predicted a report by research agency XDI published last Monday.

The climate risk specialist assessed more than 2,600 regions around the world. Climate models are tested against weather and environmental data to estimate the damage to the economy and infrastructure that could be caused by temperature increases by 2050. This concerns physical damage caused by, among other things, floods, wildfires and sea level rise.

Flanders and Zealand

He. She relationship The report shows that states and provinces in China, the United States and India – the three main engines of the global economy – will be hardest hit. Up to 80% of the 50 states and provinces most at risk in 2050 will be located in one of the three countries.

In Europe, the Flemish region and the Dutch province of Zeeland are among the areas most at risk.

In Europe, the Flemish region and the Dutch province of Zeeland are among the areas most at risk, after Greater London and the areas around Milan and Venice.

According to analysts at XDI, this is the first time that a comparative study has been conducted of all provinces and states in the world in terms of climate risks to the built environment.

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“As large-scale infrastructure typically coincides with high levels of economic activity and capital value, it is essential that the physical risks of climate change are understood and priced correctly,” said CEO Rohan Hamden.

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According to the report, potentially significant climate damage in the three economic superpowers could lead to falling property prices and discourage investments. `

Floods

Other major economic centers in the top 100 list are Buenos Aires, São Paulo, Jakarta, Beijing, Ho Chi Minh City, Taiwan and Mumbai.

In Southeast Asia, damage is expected to have increased globally between 1990 and 2050. Worldwide, most damage is caused by inland flooding in combination with coastal flooding.

“It is important that companies, governments and investors understand the financial and economic impacts of physical climate risks and take these risks into account in their decision-making before these costs reach a financial tipping point,” Hamden said.

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