India is one of the most vulnerable countries to the impacts of climate change, ranking 7th out of 181 in the Global Climate Risk Index 2021. More than 75% of Indian districts are hotspots for extreme climate events. It is clear that climate change poses a significant threat to India, with one study suggesting that it could shave off 2.5%-4.5% of India’s GDP annually if not tackled timely. Given the above context, this paper aims to look at how climate risks impact financial markets – banking, capital markets, and insurance – and the opportunities this presents for investments and product innovation.
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Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/climate-risks-and-opportunities
[2] http://www.indiaenvironmentportal.org.in/files/file/climate risk and opportunities.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/climate-policy-initiative
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gdp
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/insurance
