A new report released by climate risk specialists XDI has revealed that China is home to 16 of the world’s 20 most vulnerable regions to climate change. Jiangsu province ranked as the most at-risk area, followed by Shandong, Hebei and Henan. The United States is the second most vulnerable country, with Florida, California and Texas being the most affected states. Nine areas of India also made the top 50 list. Other major economic centres in the top 100 include Argentina’s Buenos Aires, Vietnam’s Ho Chi Minh City, and Indonesia’s Jakarta.
In Europe, Germany’s Lower Saxony region is the most vulnerable to climate change, with Italy’s Veneto region, which contains the city of Venice, ranking fourth. The report assessed 2,600 territories globally, modelling damage from 1990 to 2050 based on the “pessimistic” scenario of a 3 degrees Celsius (5.4 degrees Fahrenheit) rise in global temperatures by the United Nations’ Intergovernmental Panel on Climate Change (IPCC).
The findings of the report emphasize the need for governments to take immediate action to reduce carbon emissions and adapt to extreme weather events. XDI Chief Executive Rohan Hamden said that “every investment decision should be made in a climate-resilient way”. Karl Mallon, XDI’s head of science and innovation, added that investors may apply “risk pricing” to vulnerable regions or “try and find safer havens”. He concluded that “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”.
The report from XDI reveals that many of the world’s most important manufacturing centres are at risk from extreme weather due to climate change. China is home to the majority of these vulnerable regions, with Jiangsu, Shandong and Hebei being the most affected. The United States follows closely behind with Florida, California and Texas being the most at-risk states. Other major economic centres such as Buenos Aires, Ho Chi Minh City and Jakarta are also included in the top 100 list.
The findings of the report demonstrate the need for governments to take urgent action to reduce carbon emissions and adapt to extreme weather events. XDI Chief Executive Rohan Hamden said that “every investment decision should be made in a climate-resilient way”. Karl Mallon, XDI’s head of science and innovation, added that investors may apply “risk pricing” to vulnerable regions or “try and find safer havens”. He concluded that “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”.
The report from XDI highlights the potential economic fallout from climate change and the need for governments to take action to reduce carbon emissions and adapt to extreme weather events. China is home to 16 of the world’s 20 most vulnerable regions, with Jiangsu province being the most at-risk area. The United States follows closely behind with Florida, California and Texas being the most affected states. Other major economic centres such as Buenos Aires, Ho Chi Minh City and Jakarta are also included in the top 100 list.
XDI Chief Executive Rohan Hamden said that “every investment decision should be made in a climate-resilient way”. Karl Mallon, XDI’s head of science and innovation, added that investors may apply “risk pricing” to vulnerable regions or “try and find safer havens”. He concluded that “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”.
The report from XDI reveals that many parts of the world are at risk from extreme weather due to climate change, with China being home to 16 of the world’s 20 most vulnerable regions. Jiangsu province is the most at-risk area, followed by Shandong, Hebei and Henan. The United States is also affected, with Florida, California and Texas being the most vulnerable states. Other major economic centres such as Buenos Aires, Ho Chi Minh City and Jakarta are also included in the top 100 list.
The findings of the report emphasize the need for governments to take immediate action to reduce carbon emissions and adapt to extreme weather events. XDI Chief Executive Rohan Hamden said that “every investment decision should be made in a climate-resilient way”. Karl Mallon, XDI’s head of science and innovation, added that investors may apply “risk pricing” to vulnerable regions or “try and find safer havens”. He concluded that “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”.
The report from XDI has highlighted how climate change is affecting many parts of the world, with China being home to 16 of the world’s 20 most vulnerable regions. Jiangsu province is the most at-risk area, followed by Shandong, Hebei and Henan. The United States is also affected, with Florida, California and Texas being the most vulnerable states. Other major economic centres such as Buenos Aires, Ho Chi Minh City and Jakarta are also included in the top 100 list.
XDI Chief Executive Rohan Hamden said that “every investment decision should be made in a climate-resilient way” in order to reduce potential economic fallout from climate change. Karl Mallon, XDI’s head of science and innovation, added that investors may apply “risk pricing” to vulnerable regions or “try and find safer havens”. He concluded that “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”.