According to Climate risk specialists XDI’s recent report, 80% of the top 50 most at-risk states and provinces in 2050 are in China, the United States or India. China is home to 16 of the 20 global regions most vulnerable to climate change. After China, the US has the most high-risk states with 18 states in the top 100, while 9 territories from India are in the top 50.World's Most Vulnerable Territory1. Jiangsu Province2. Shandong Province3. Hebei Province4. Henan ProvinceXDI assessed more than 2 600 regions worldwide, using climate models together with weather and environmental data to assess the economic damage that temperature rises could wreak by 2050. The study is based on a 3-degree Celsius increase in temperatures by the end of the century, under a scenario drawn up by the Intergovernmental Panel on Climate Change. The data showed that some of the engine rooms of the global economy face catastrophic hazards such as rising sea levels, river flooding and wildfires, which could also depress property prices and deter investment. XDI Chief Executive Mr Rohan Hamden said “We're already feeling the significant impacts of weather events around the world, and they will only increase. Finally, we just want to make sure that every investment decision is made in a climate-resilient way.XDI's co-founder Mr Karl Mallon added “While climate is likely to become increasingly decisive when it comes to determining the flow of capital, it remains to be seen whether it will deter investment in more vulnerable regions. There is a lot to be done to work out which areas in the world are potentially adaptable and defendable, and which are probably the areas we will see abandoned in due course.”
According to Climate risk specialists XDI’s recent report, 80% of the top 50 most at-risk states and provinces in 2050 are in China, the United States or India. China is home to 16 of the 20 global regions most vulnerable to climate change. After China, the US has the most high-risk states with 18 states in the top 100, while 9 territories from India are in the top 50.World's Most Vulnerable Territory1. Jiangsu Province2. Shandong Province3. Hebei Province4. Henan ProvinceXDI assessed more than 2 600 regions worldwide, using climate models together with weather and environmental data to assess the economic damage that temperature rises could wreak by 2050. The study is based on a 3-degree Celsius increase in temperatures by the end of the century, under a scenario drawn up by the Intergovernmental Panel on Climate Change. The data showed that some of the engine rooms of the global economy face catastrophic hazards such as rising sea levels, river flooding and wildfires, which could also depress property prices and deter investment. XDI Chief Executive Mr Rohan Hamden said “We're already feeling the significant impacts of weather events around the world, and they will only increase. Finally, we just want to make sure that every investment decision is made in a climate-resilient way.XDI's co-founder Mr Karl Mallon added “While climate is likely to become increasingly decisive when it comes to determining the flow of capital, it remains to be seen whether it will deter investment in more vulnerable regions. There is a lot to be done to work out which areas in the world are potentially adaptable and defendable, and which are probably the areas we will see abandoned in due course.”
