A report by the Coalition for Disaster Resilient Infrastructure (CDRI) reveals that climate change is causing an average annual global loss of $850 billion in the infrastructure sector.
The report highlights the challenges faced by the Global South and emphasises the issues of inadequate infrastructure governance. The findings indicate that about 67 percent of the global value of infrastructure assets is concentrated in high-income countries.
The report delves into nine key infrastructure sectors and underscores the necessity to invest $9.2 trillion annually in resilient infrastructure until 2050, of which $2.9 trillion is required in developing countries alone, including India.
The report anticipates that high-income countries may experience 11 percent increase in annual losses due to climate change. However, middle-income countries could face a higher surge of 22 percent, and low-income countries could see a substantial 33 percent escalation in annual losses.
The importance of nature-based infrastructure solutions is a practical approach to enhance infrastructure resilience. The report notes that approximately 80 percent of the risk is concentrated in the power, transport and telecommunications sectors. The report underscores the importance of understanding climate-related risks in infrastructure planning.
