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.
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