People’s Republic of China

China is exposed to both transition and physical risks from climate change. As a large greenhouse gas emitter, China faces noticeable transition risks. Coal and oil dominate energy supply amidst growing global momentum towards a low carbon greener economy where China also has made notable progress in green energy transition. China is also highly exposed to economic damage from hydrometeorological hazards such as floods, typhoons, and extreme temperatures, as the probability and intensity of (extreme) climate events is expected to increase. The FSAP mission analyzed transition risk using a data set obtained from the 20 D-SIBS through an ad-hoc data request. Physical risks were analyzed using publicly available data at provincial level.2