Various states that influence the global economy are at risk by 2025 from extreme weather and climate change according to a new ranking of the physical climate risk of every shape, province, and territory in the world released on 20th Feb 2023 by XDI-The Cross Dependency Initiative, who acts as a world leader in physical climate risk analysis.
XDI-The Cross Dependency Initiative began in 2006, decision-makers around have come to this team to understand the physical impact of climate change on the business operation. XDI’s analysis is assisted by the Climate Risk Engines, developed through great commercial engagement with the government and industry.
The first-pass analysis of XID’s Gross Domestic Climate Risk says that about 2,600 territories worldwide will face physical climate risk by 2025. The damage caused to our environment by extreme weather and climate change is easily visible and includes forest fires, sea level rise, and flooding. This tells us why territories worldwide will face the greatest damage from 1990-2025.
"We're releasing this analysis in response to demand from investors for data on sub-sovereign and regional risk. This is the first time a physical climate risk analysis focused exclusively on the built environment, comparing every state, province, and territory in the world. Since extensive built infrastructure generally overlaps with high levels of economic activity and capital value the physical risk of climate change must be appropriately understood and priced" said XDI CEO Rohan Hamden.
Specifically, XDI’s report states that about 80 percent of the top 50 at-risk states and regions in 2025 lay in China, India, or the US.
Among the 50 high-risk states, India has nine states among which the report shows Mumbai, India's commercial capital is at high risk. It also says Bihar, Uttar Pradesh, Maharashtra, Punjab, Rajasthan, Kerala, Gujarat, Assam, and Tamil Nadu will face extreme climate change.
However, many of the high-risk regions in the top 50 are in China. Regions in the east and south parts of China are the most affected, especially along the deltas and floodplains of the Pearl River and the Yangtze. Also the economic hubs of china - Jiangsu and Shandong place first and second place in the top 50.
Furthermore, The US has the most high-risk states after China with 18 States in the top 100. Among the American States, Florida is at the highest risk, followed by California and Texas. Noticeably, in many states in the US, sea level rise will become a major problem.
Thus, we need to realize now how important it is to conserve our nature and protect it. We need to take action individually to help our environment. Here are ten simple things you can do to protect the Earth: Reduce, reuse, and recycle, Volunteer for cleanups in your community, Educate, Conserve water, Choose sustainability, Shop wisely, Use long-lasting light bulbs, and Planting trees. Visit XDI’s website, for more information about the countries that affect climate risk by 2025.
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