GLOBAL CLIMATE RISK INDEX 2021

The “Global Climate Risk Index 2021” is traditionally presented by the “World Climate Conference” for introducing the data related to climate change. The extreme weather causes hit to the unprivileged regions and increases future damage that reduces the overall economic growth. The poorest regions have lower coping strength against climate change and need a huge time for recovery and rebuilding. The Global Climate Risk Index refers to the warnings for India to be prepared for severe climate events.  

Concept of Global Climate Risk Index 2021 

The “Global Climate Risk Index 2021” indicates the rank of the climate change index of the countries based on the impact of weather events on the environment.In other words, the measured data of climate change within a year is incorporated in the “Global Climate Risk Index 2021” of the regions from where the data is being collected. The cause of climate change is found based on the impact of extreme climate events on the environment. The ecology states the interaction between the environment and the organisms to evaluate the surrounding climate change that affects their lives. 

Relation of GCRI with the global environment and ecology 

The measure of GCRI depends on the use of data on economic losses of the regions for calculating the impacts on the global environment. The prime goal of ecology is to evaluate the effect of environmental changes on the organism’s lives based on the vulnerability that often refers to the global climate risk index. The climate risks are also found in the increasing global warming that indicates high carbon dioxide emissions in the environment for the temperature increases by 1.5 degrees/celsius. There are 25 billion people with low and medium incomes who are displaced by the sudden weather disasters and economic inequalities that are measured based on the principles of ecology. 

2021 findings on the index 

The environmental impacts on the growth of the economic outlook of India have been increased due to the sudden outbreak of the pandemic crisis. This includes the spectrum of economic development that has been graded by 46% in the global climate risk index 2021 and there are 81 economists who have registered in the index who have “economic freedom scores” less than 60. This often includes the relationship between “per capita economic growth” and “economic freedom” for boosting economic growth by reducing taxes and rationalizing the regulatory environment. The economic growth of India has been reduced due to pandemic outbreak which has been evaluated based on the analysis of the 2021 risk index. This is associated with the considered environmental changes. In order to increase economic growth, it is most important to have an open environment for the economy to take part in the global competition and be able to fight against corruption. 

India’s position in the risk index 

India has achieved 7th rank based on the 2021 index as compared with the 5th position in 2020. The surplus rains are 110% normal in 2021 as compared with 2020 which helps to enhance the position in the risk index. The heavy rains deliver extreme floods which cause 1800 deaths that led to the displacement of 2.1 million people. This also includes that due to the economic damage, 11.8 million common people are affected and the estimated cost-effectiveness is $10 billion.  

Effective suggestion to enhance the position of India 

The Indian government is required to support the vulnerable regions to consider all the climate changes and be able to provide enough financial resources for extreme environmental events such as floods, heatwaves, and storms. This also includes the analysis of geographical and economic-related risks in advance to cooperate with the vulnerable regions and be able to spread awareness for the upcoming future damage.  

Conclusion

The GCRI refers to the position of the country based on the weather changes and future damages to the environment. The poor and vulnerable regions are mostly affected by climate changes due to lower coping strength. India has achieved 7th position in 2021 as compared with 5th in 2020 as the surplus rains are 110% normal in 2021. There is an evaluation of the relation between the global ecology and GCRI that indicates the calculation process of the index.