Assessing India’s mounting climate losses to Financial Institutions
This report analyzes the increasing risks of extreme weather events to the ‘Financial Institutions’ (FIs) in India, as the frequency and severity of these events intensifies. The report cover three aspects: Growing crop losses, given the high vulnerability of agriculture to weather events and the poor resilience of farmers’ in India; Increase in asset losses with damages to more vehicles, buildings, other infrastructure and the potential loss in business income ; and Distribution of these losses amongst different stakeholders, including the financial institutions.
