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A GDP-neutral climate vulnerability index for improved environmental risk assessment and adaptation policy

Author

Listed:
  • David Dosso
  • Imen Ghattassi
  • Francisco Serranito

Abstract

Climate vulnerability indices are widely used to guide environmental planning, climate adaptation strategies, and the allocation of resilience resources. However, many existing indicators are strongly correlated with countries’ levels of economic development, which can blur the distinction between climate risk and income conditions and lead to potentially biased prioritization of adaptation efforts. This study introduces the Climate Vulnerability Neutral (CVN) Index, a transparent and reproducible tool designed to better isolate climate-related vulnerability while maintaining broad sectoral coverage relevant for environmental management. The CVN index is constructed using a systematic selection procedure that retains vulnerability components with limited dependence on GDP per capita while preserving representation across key environmental domains, including food security, water resources, health, ecosystems, habitat, and infrastructure. Using panel data for 158 countries over the period 1995-2023, the results show that economic development explains a substantial share of the variation in widely used vulnerability indicators, whereas its influence on the CVN index is markedly lower. The proposed framework therefore provides a more balanced representation of countries’ exposure and sensitivity to climate hazards across income groups.From a management perspective, the CVN index offers a practical instrument for monitoring vulnerability trends, supporting comparative risk assessments, and improving the targeting of climate adaptation policies. By enhancing the transparency and usability of vulnerability measurement, the index can assist governments and international organizations in designing more effective and evidence-based environmental management strategies.

Suggested Citation

  • David Dosso & Imen Ghattassi & Francisco Serranito, 2026. "A GDP-neutral climate vulnerability index for improved environmental risk assessment and adaptation policy," EconomiX Working Papers 2026-17, University of Paris Nanterre, EconomiX.
  • Handle: RePEc:drm:wpaper:2026-17
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    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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