India’s Climate Risk Index (CRI) rank has improved from 7th worst to 49th in 2022, although it remains among the top 10 most affected countries historically. A new report by Germanwatch analyzed extreme weather events in 1993-2022, finding that India reported 80,000 fatalities and $180 billion in economic losses due to 400 events. Globally, over 765,000 people lost their lives and $4.2 trillion in damages during the same period. Storms, heat waves, and floods caused the most fatalities. The report highlights the increasing climate risks globally and suggests that high-income countries must increase their climate risk management. The report criticizes the failure of rich nations to provide adequate finance for climate actions in developing countries, citing the lack of an ambitious New Collective Quantified Goal (NCQG) on Climate Finance at the 2022 UN climate conference. The report emphasizes the need for increased financial support to developing countries to address climate impacts and adaptation financing gaps. Experts warn that climate change is becoming a global security risk and that bold multilateral actions are necessary to address it.
According to a comprehensive report, India ranked sixth globally in terms of its vulnerability to extreme weather events, highlighting a pressing need for urgent climate action.
