A ranking of the physical climate risk of every state, province and territory in the world has been calculated by XDI, which assesses the physical risks posed by the changing climate.
The study is based on a 3°C increase in temperatures by the end of the century, under a scenario drawn up by the Intergovernmental Panel on Climate Change.
“This is the first time there has been a physical climate risk analysis focused exclusively on the built environment, comparing every state, province and territory in the world,” said XDI CEO Rohan Hamden.
“Since extensive built infrastructure generally overlaps with high levels of economic activity and capital value, it is imperative that the physical risk of climate change is appropriately understood and priced.”
The research found that two of China’s leading provinces Jiangsu and Shandong, which lie on the country’s east coast, top the global ranking in first and second place respectively. Over half of the provinces...