Cross Dependency Initiative’s report identifies high climate risk to infrastructure in 9 Indian states by 2050, with a focus on Punjab, Bihar, Uttar Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Gujarat, Kerala, and Assam.
These states are part of the 80% of the top 50 vulnerable global provinces, alongside regions in China and the US.
Mumbai, India’s economic powerhouse, is notably highlighted for its high risk.
The risk ranking takes into account eight climate-induced hazards, including flooding, extreme heat, and forest fires.
The report suggests a stark increase, up to 110%, in damage risk by 2050 for these Indian states under high emissions scenarios.
Current trends show that even with a 0.8-degree temperature rise, India experiences a 5% GDP loss due to climate events.
If warming exceeds 2 degrees, affected Indian states could see over 10% loss in their gross state domestic product.
India’s role in global climate leadership is emphasized through initiatives like the International Solar Alliance and Coalition for Disaster Resilient Infrastructure.
The report calls for systemic, technological, and financial innovations to transition India into a climate solutions hub.
Nature-based solutions are advocated as national imperatives to mitigate loss and damage to physical assets and infrastructure.
The data is a wake-up call for investors, who need to account for physical climate risk in their financial decision-making processes.
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