24-Feb-2025
Climate Risk Index (CRI) 2025
Miscellaneous
Why in News?
The international environmental think tank ‘Germanwatch’ has released the Climate Risk Index (CRI) 2025.
What is the Climate Risk Index 2025?
- About: Ranks countries based on their vulnerability to extreme weather events, considering human and economic losses.
- Frequency: Published annually since 2006, analyzing data from the past 30 years.
- Criteria: Evaluates six indicators, including fatalities, economic losses, and the number of people affected.
Key Findings
- Over 765,000 deaths and $4.2 trillion in losses (1993–2022).
- Floods, droughts, and storms led global displacement.
- Dominica, China, and Honduras were the most impacted (1993–2022).
- In 2022, Pakistan, Belize, and Italy were the hardest hit.
- 7 out of 10 worst-affected nations are low- and middle-income countries (LMICs).
India’s Impact
- Ranked 6th most affected (1993–2022), with 80,000 fatalities (10% of global deaths) and $180 billion in losses (4.3% globally).
- Faced extreme floods (1993, 2013, 2019), heatwaves (~50°C in 1998, 2002, 2003, 2015), and cyclones like Gujarat (1998), Odisha (1999), Hudhud (2014), and Amphan (2020).
- The APAC Climate Report 2024 warns India could lose 24.7% of its GDP by 2070 due to climate change.
Challenges in Climate Change Mitigation
- Historical Emissions vs. Current Responsibility: Developed countries push for more action from emerging economies like India and China.
- Temperature Threshold Breached: The 1.5°C global warming limit was surpassed for an entire year in 2024.
- Weak Commitments: Many nations haven’t updated their Nationally Determined Contributions (NDCs), risking a 2.6–3.1°C rise by 2100.
- Funding Gap: The annual $300 billion climate fund for developing countries falls short, and delays in the Loss and Damage Fund hinder support.