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New Research Reveals Best Investment Migration Options to Improve Climate Resilience
The Investment Migration Climate Resilience Index uniquely combines World Bank GDP data (the average of normalized GDP and GDP per capita for each country) with the University of Notre Dame's latest Notre Dame Global Adaptation Initiative (ND-GAIN) Country Index, which summarizes countries' vulnerability to climate change and readiness to convert financial investments (climate finance) into climate adaptation measures. By adding GDP data to the mix, Henley & Partners' new Global Climate Resilience Ranking incorporates the important consideration of a country's economic ability to adapt to climate change and protect its citizens against the most adverse effects.
Unsurprisingly, the top five countries are all in the northern hemisphere. The US ranks 1 , with a Climate Resilience score of 70.6, followed by Germany (70.3), the UK (69.4), Switzerland (68.4), and Canada (68.3) in 5 place by a narrow margin. Even less surprisingly, Sub-Saharan countries occupy the bottom five positions with the world's least climate resilient country being Chad , in 136 place, with a score of just 19.1 out of 100.
CEO of Henley & Partners, Dr. Juerg Steffen , says climate change concerns are increasingly informing the long-term asset location strategies of international investors, business owners, and entrepreneurs. "Climate change is already impacting on all aspects of our lives so by investing in a more climate resilient country, in addition to residence rights or a supplementary citizenship, investors gain the right to relocate their families, their assets, and critical infrastructure to a more resilient place that will be able to better withstand future climate shocks."
Out of just fifteen countries globally that are classified as higher resilience, seven host investment migration programs, including the US EB-5 Immigrant Investor Program, the UK Tier 1 Innovator Visa, the Swiss Residence Program, which Henley & Partners designed for non-EU and non-EFTA nationals, Canada's Start-Up Visa Program, Australia's Business Innovation and Investment Program, the Luxembourg Residence by Investment Program and the Italy Residence by Investment Program.
There are eight investment migration options in medium resilience countries including the Singapore Global Investor Program, Ireland's Immigrant Investor Program, the Austria Citizenship by Investment provisions, the Spain Residence by Investment Program, the New Zealand Residence by Investment Program, the UAE's new residence visa options, the Portugal Golden Residence Permit Program and the Turkey Citizenship by Investment Program.
Dominic Volek , Group Head of Private Clients at Henley & Partners, says no one should be planning for the long term without considering the climate change factor. "The countries and cities that are most resilient will attract global talent and investors in search of 'climate havens' that have prepared for what lies ahead. The time has come to actively build future-ready climate resilient portfolios if you want to lower your risk to the inevitable impact of climate disasters."
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