- Between $732 and $845 billion is the predicted average yearly loss in the infrastructure.
- When it comes to annual losses, earthquakes and tsunamis account for about 30%.
- Low- and middle-income nations are more at risk relative to other nations.
Between $732 and $845 billion is the predicted average yearly loss in the infrastructure and building sectors worldwide, and climate change is expected to threaten 14% of the growth of the global GDP in 2021–2022.
To address the infrastructure deficit, achieve sustainable development objectives, reach net zero, and improve resilience by 2050, $9.2 trillion in annual investment is required, according to the Coalition for Disaster Resilient Infrastructure (CDRI) report, which was published in response to a suspected glacial lake outburst flood.
Climate change
When it comes to annual losses, earthquakes and tsunamis account for about 30%, while cyclones, floods, and storms that are caused by climate change account for 70%.
The risk is not distributed uniformly across industries, with almost 80% of it concentrated in the power, transportation, and telecommunications sectors.
Low- and middle-income nations are more at risk relative to other nations when it comes to their infrastructure, accounting for about 67% of the worldwide value of infrastructure assets.
The study offers nations a platform for doing in-depth analysis to guide their decision-making, infrastructure investment choices, and resilience investment selections.
