China is home to 16 of the 20 global regions most vulnerable to climate change, data published yesterday showed, with some of the world’s most important manufacturing hubs at risk from rising water levels and extreme weather.
Climate risk specialists XDI assessed more than 2,600 regions worldwide, using climate models with weather and environmental data to assess the economic damage that temperature rises could wreak by 2050.
The study is based on a 3oC increase in temperatures by the end of the century, under a scenario drawn up by the Intergovernmental Panel on Climate Change.
Photo: AP
The data showed that some of the engine rooms of the global economy face catastrophic hazards such as rising sea levels, river flooding and wildfires, which could also depress property prices and deter investment, XDI said.
“We’re already feeling the significant impacts of weather events around the world, and they will only increase,” XDI chief executive officer Rohan Hamden said. “Finally, we just want to make sure that every investment decision is made in a climate-resilient way.”
The industrialized Chinese coastal province of Jiangsu, which accounts for a tenth of China’s GDP, was ranked the world’s most vulnerable territory, followed by neighboring Shandong Province and the major steel production base of Hebei Province. The flood-prone central province of Henan was fourth.
The shift of global manufacturing to Asia has driven a substantial increase in infrastructure investment in vulnerable regions throughout China, making it more susceptible to the impacts of climate change, Hamden said.
“Infrastructure investment has tended to be concentrated in areas that have traditionally been very high-risk — river deltas, coastal zones and relatively flat areas,” he said.
The highest ranking non-Chinese region was Florida in 10th place, with California 19th and New York 46th.
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