With reference to Global Climate Risk Index, consider the following statements: It is launched by international environment think tank Germanwatch. It analyzes the extent to which a country has been impacted by weather-related loss events. Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Both the statements are correct

About Global Climate Index 2021: German watch, the Germany-based think tank, released the Global Climate Risk Index,2021.

Data Sources: The index is prepared based on the data from the Munich Re NatCatSERVICE11. The data is identified as one of the most reliable and complete databases worldwide, on this matter. Other than that, It also uses Socio-Economic data from the International Monetary Fund (IMF).
Functions: It analyses quantified impacts of extreme weather events. This analysis is presented both in terms of fatalities and economic losses, due to extreme weather events.
India: ranked at 7th Position in Climate Risk Index 2021. It means India is the 7th worst-hit country by extreme weathers. In 2020, India ranked 5th on the index.

Source: TheHindu