BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank
banner

Climate Change Risks:$732-845B GDP Impact on Infrastructure



  Oct 10, 2023

Climate Change, GDP, and Infrastructure: A Deep Dive into Future Risks



What’s the financial impact of climate change risks on global infrastructure?

Estimated yearly financial loss: $732 billion to $845 billion, roughly 14% of global GDP growth in 2021-22.

Source: Coalition for Disaster Resilient Infrastructure (CDRI) report.

What is the Global Infrastructure Risk Model and Resilience Index (GIRI)?

A novel model estimating the annual investment needed to tackle the infrastructure deficit for UN’s sustainable goals: $9.2 trillion.

$2.84 trillion to $2.9 trillion of this should come from middle- and lower-income nations, including India.

Who initiated the CDRI?

Launched by PM Narendra Modi in 2019 at the UN Climate Action Summit.

CDRI: A coalition of 31 governments, UN agencies, and other organizations.

Why is infrastructure resilience significant?

Ensures the protection of lives and livelihoods.

Helps achieve the mitigation targets of the Paris Agreement and national development goals.

“Resilience Dividend”: Benefits derived from disaster and climate change resilient infrastructure.

What risks are associated with climate hazards?

30% of the yearly loss linked to earthquakes and tsunamis.

70% from climate-linked hazards like cyclones, floods, and storms.

Sectors most at risk: Power, transport, and telecommunications (80%).

How do nature-based and conventional infrastructures compare?

Nature-based infrastructure resilience is at 51% of the cost of traditional, grey infrastructure.

Which countries bear the brunt of these financial losses?

Although most global infrastructure lies in high-income countries, middle- and lower-income nations face greater financial risk from climate hazards.

Get It Right With SRIRAM’s
Dive into the discussion! Discover more on SRIRAM’s social media platforms.


Share:
 

Get a call back

Fill the below form to get free counselling for UPSC Civil Services exam preparation

 
UPSC DAILY CURRENT AFFAIRS

 
MULE ACCOUNTS AND RBI’S MEASURES
 
INDIA: COUNTER-PIRACY IN RED SEA
 
Indian Navy anti-piracy operation
 
LANDFILLS:WASTE MANAGEMENT CRISIS IN INDIA'S MEGA CITIES
 
Producer Price Index (PPI) in India: Understanding the Basics
 
STARTUPS for SOCIAL DEVELOPMENT IN INDIA
 
INDIA’S CHALLENGE OF URBAN FLOODS
 
SEPARATION OF POWERS IN INDIA
 
INDIA-TAIWAN RELATIONS: A GROWING PARTNERSHIP
 
GLOBAL “SWING STATES” AND THE WORLD ORDER
 
CONSTITUTION BENCH OF SUPREME COURT OF INDIA
 
KARGIL WAR 25TH ANNIVERSARY
 
MARXIST SCHOOL OF MORALITY AND ETHICS
 
MIDDLE CLASS VALUES
 
SAFE HARBOUR RULES IN INDIA