Developing Asia's Climate Crisis: A Race Against Time

The Asian Development Bank reports that developing Asia could lose 17% of its GDP by 2070 if high emissions persist. Climate change exacerbates economic challenges, with the region responsible for half of global emissions. Urgent, coordinated action is essential to mitigate these impacts and prevent further climate damage.

The Asian Development Bank warns that developing Asia, comprising 46 countries, might face a staggering 17% GDP loss by 2070 if current high emission trends continue. This call for action highlights the inadequate climate efforts that fall short of meeting global temperature targets set over a decade ago.

The alarming report outlines how climate change intensifies the devastation from natural disasters, amplifying economic and humanitarian crises. Despite advancements in emission reductions and energy efficiency, developing Asia is still responsible for nearly half of global greenhouse gas emissions, with a significant share attributed to energy production from fossil fuels.

To avert catastrophic climate impacts, the ADB urges stronger, large-scale climate initiatives. The call to transition to net-zero emissions, enhance investments in green technologies, and develop ambitious mitigation strategies is viewed as critical. Without these measures, up to 300 million people could face severe risks from rising sea levels and extreme weather by 2070.

(With inputs from agencies.)