Vertiv Introduces New Single-Phase Uninterruptible Power Supply for Distributed Information Technology (IT) Networks and Edge Computing Applications in Europe, Middle East, and Africa (EMEA)Read more Students from JA Zimbabwe Win 2023 De La Vega Global Entrepreneurship AwardRead more Top International Prospects to Travel to Salt Lake City for Seventh Annual Basketball Without Borders Global CampRead more Rise of the Robots as Saudi Arabia Underscores Global Data and Artificial Intelligence (AI) Aspirations with DeepFest Debut at LEAP23Read more Somalia: ‘I sold the last three goats, they were likely to die’Read more Merck Foundation and African First Ladies marking World Cancer Day 2023 through 110 scholarships of Oncology Fellowships in 25 countriesRead more Supporting women leaders and aspirants to unleash their potentialRead more Fake medicines kill almost 500,000 sub-Saharan Africans a year: United Nations Office on Drugs and Crime (UNODC) reportRead more Climate crisis and migration: Greta Thunberg supports International Organization for Migration (IOM) over ‘life and death’ issueRead more United Nations (UN) Convenes Lake Chad Countries, Amid Growing Regional CrisisRead more

Regions in US, China most at risk for climate damage: report

show caption
China's Jiangsu province topped the list of regions most at risk for climate impacts./AFP
Print Friendly and PDF

Feb 20, 2023 - 01:07 PM

PARIS, FRANCE — Major industrial and economic centres in China and the United States are among the most vulnerable regions in the world to the increasingly destructive power of climate change-driven weather extremes, according to a comprehensive analysis Monday.

The new findings underscore the urgent need for governments to focus on decarbonisation and adaptation measures such as flood-proofing — and show the economic fallout from climate change could be grave and widespread.

Nine of the top 10 most at-risk regions are in China, with two of the country’s largest sub-national economies — Jiangsu and Shandong — leading the global ranking by The Cross Dependency Initiative (XDI).

After China, the US has the most high-risk states. Florida, number 10 in global rankings, is the US state most in jeopardy, followed by California and Texas.

China, India and the United States make up over half the states and provinces in the top 100.

“We get an extremely strong signal from countries like China, from the US and India, and we see essentially the engine rooms of the global economy where there is a lot of built infrastructure,” Karl Mallon, head of science and innovation at XDI, said at a briefing.

The analysis found that both inland and coastal flooding pose the greatest risks to physical infrastructure. The report also examined the dangers of extreme heat, forest fires, soil movement, extreme wind and freeze thaw.

The analysis covers over 2,600 territories globally, modelling damage from 1990 to 2050 based on a “pessimistic” scenario of global warming of three degrees Celsius by the end of the century outlined by the UN’s Intergovernmental Panel on Climate Change.

Capital flight? 

The researchers say it is the most comprehensive data crunch of its kind and hope it will inform future climate and economic policy.

It could also impact investment decisions as companies reassess financial risks based on climate change related exposure in vulnerable areas.

“Folks who are looking to build a factory, establish a supply chain that involves those states and provinces are going to think twice about where they are,” said Mallon.

He said there could be “at best, a risk pricing into those areas, at worst, maybe a capital flight as those investors seek to try and find safer havens.”

Other economic hubs in the top 100 include Beijing, Buenos Aires, Ho Chi Minh City, Jakarta, Mumbai, Sao Paulo and Taiwan.

Australia, Belgium, Canada, Germany and Italy also have states and provinces in the top 100.

In Europe, Germany’s Lower Saxony region is most at risk, while Italy’s Veneto region — home to the lagoon city of Venice — is ranked number four in Europe.

Southeast Asia sees the steepest escalation in damage from 1990 to 2050, according to the modelling.

XDI said it released the analysis in response to requests from investors.

“Since extensive built infrastructure generally overlaps with high levels of economic activity and capital value, it is imperative that the physical risk of climate change is appropriately understood and priced”, XDI CEO Rohan Hamden said in a press release.

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.