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Africa topped the list of more vulnerable countries in a new climate risk index seeks to help get the dwindling pool of aid for climate adaptation to the countries that need it most.
The Climate Finance Vulnerability Index combines factors measuring a country’s exposure to climate hazards with indicators of its financial resilience, including access to loans and level of debt.
The index, which allows users to filter for 2050 or 2080 and either “optimistic” or “pessimistic” scenarios, includes 188 countries, with Norway in the least vulnerable position and Guinea-Bissau the most.
It’s designed to help funders direct grants and low-interest loans to countries that are both most exposed to climate perils and less able to access funds through other means.
More than 2 billion people live in “red-zone” countries, where there is a high risk of climate disaster and minimal access to finance.
The index, which was developed by Columbia University and funded by the Rockefeller Foundation, is timely because of the significant shortfall in funding for adaptation, which is expected to be a focal point for discussions at November’s COP30 conference in Brazil.
“Every country needs more support for climate adaptation,” said Jeffrey Schlegelmilch, who led the development of the index and heads the National Center for Disaster Preparedness at the Columbia Climate School. “This is a relative ranking.”
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