From the C-Suite: Insights and Advice from Corporate Leaders
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
February 24, 2023: On Monday, significant areas in the U.S. and China are the weakest to climate change, according to data published. Some global industrial and economic centres are at risk from increasing sea levels, coastal flooding and wildfires.
Climate threat specialists at The Cross Dependency Initiative (XDI), conducting physical climate threat analyses, found that China is the resident of 16 of the 20 global areas most at risk of climate change. They analyzed over 2,600 locations worldwide to project how much economic damage is occurring from climate-related disasters by 2050.
Two of China’s significant sub-national economizing, Jiangsu and Shandong, top the global rankings in the initial and second place, according to XDI data. Over half of the provinces in the international top fifty are located in China, which has experienced increased manufacturing and infrastructure investment in the areas already threatened by climate transfer.
After China, the U.S. has the regions at risk of climate transfer, with Florida, has been ranked tenth on the list, California nineteenth and Texas twentieth. Almost half of all U.S. states are in the area, 5% of those most at risk worldwide.
China, India and the U.S. collectively consist of over half the states and provinces in the top 100 regions, according to XDI. Other highly-developed and over-economic hubs in the 100 include Argentina; Brazil, China; and India.
20 countries whose ‘built environments’ are most at risk from climate change
The report said that most of the projected climate damage is from flooding or flooding combined with coastal inundation. Still, other risks include extreme heat, forest fire, drought-related soil movement, extreme wind and freeze-thaw.
“Since extensive built infrastructure overlaps with high levels of economic activity and capital value, the physical risk of climate change must be appropriately comprehended and priced,” XDI Chief Executive Rohan Hamden expressed.
“Companies, governments and investors must understand the financial and economic implications of physical environment risk and weigh this threat in their decision-creating before these costs escalate beyond financial tipping points,” he stated.
The UN has warned that governments worldwide must significantly scale up climate adaptation efforts to avoid significant economic damage from climate change. Things are on track for temperatures to rise more than 3 degrees Celsius this century.
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