Big economies of the future most at risk from climate change

Maplecroft: A new global ranking, calculating the vulnerability of 170 countries to the impacts of climate change over the next 30 years, identifies some of the world’s largest and fastest-growing economies, including India, as facing the greatest risks to their populations, ecosystems and business environments.

The new Climate Change Vulnerability Index (CCVI), released by global risks advisory firm Maplecroft, enables organisations to identify areas of risk within their operations, supply chains and investments. It evaluates 42 social, economic and environmental factors to assess national vulnerabilities across three core areas. These include: exposure to climate-related natural disasters and sea-level rise; human sensitivity, in terms of population patterns, development, natural resources, agricultural dependency and conflicts; thirdly, the index assesses future vulnerability by considering the adaptive capacity of a country’s government and infrastructure to combat climate change.

The index rates 16 countries as ‘extreme risk,’ including nations that represent new Asian economic power and possess significant forecasted growth. Bangladesh (1), India (2), Philippines (6), Vietnam (13) and Pakistan (16) all feature in the highest risk category and are of particular importance as they are major contributors to the ongoing global economic recovery and are vital to the future expansion of Western businesses in particular.

“These countries are attracting high levels of foreign investment from many multinational organisations,” said Principal Environmental Analyst at Maplecroft, Dr Matthew Bunce. “However, over the next 30 years their vulnerability to climate change will rise due to increases in air temperature, precipitation and humidity. This means organisations with operations or assets in these countries will become more exposed to associated risks, such as climate-related natural disasters, resource security and conflict. Understanding climate vulnerability will help companies make their investments more resilient to unexpected change.”…

An image of utopia from a 1907 Russian magazine