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India: Major infra projects to be screened for climate risk
By S. Anil Radhakrishnan
RKI initiative to make projects resilient
Systematic climate risk screening of major infrastructure projects, climate stress-testing of proposals and their economic and financial analysis have been mooted to improve public investments for projects under the Rebuild Kerala Initiative (RKI).
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Around 14.8% of land in the State is prone to floods and in some districts this is 50%. Kerala is a climate change hotspot as per the Climate Change Vulnerability Index of Verisk Maplecroft, a U.K.-based global risk and strategic consulting firm.
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With government focussing on rebuilding a more resilient State, the current public investment management system also needs upgrade to make it more climate informed and the resulting infrastructure more resilient. Systematic climate risk screening, climate stress testing, geotagging of projects and assets, and a State policy for evaluation of public investments are part of this approach.
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