Which Countries are “Particularly Vulnerable†to Climate Change? A New Climate Vulnerability Indicator

This paper examines the effects of climate change with a focus on climate vulnerability. In recent decades, climate change has emerged as a significant concern for governments, policymakers, and international institutions, highlighting its universal threat. Countries across all continents are susceptible to its impacts. While various indicators have been proposed to assess the extent of vulnerability to climate change, many of these are closely tied to the level of economic development, which may not accurately reflect the experiences of both developed and developing nations. Additionally, reliance on indicators that correlate strongly with economic conditions can introduce biases in empirical research. This paper addresses this issue by introducing a new indicator denoted “CV03†that is less influenced by a country’s economic status.