33585
SE Asia GDP Vulnerable to Emissions
World Economy

SE Asia GDP Vulnerable to Emissions

Southeast Asia will be highly vulnerable if no action is taken to address climate change, according to a study by the Asian Development Bank.
Economic losses under the “business-as-usual” emissions scenario could be 60% higher than previously estimated, and this could reduce the region’s gross domestic product by up to 11% a year by 2100, the ADB said, Yahoo reported.
The warning is in an analysis updating a 2009 report that estimated a 7% annual reduction in combined economic output due to climate change.
“The economic costs of not reining in greenhouse-gas emissions are more serious than we previously estimated,” ADB chief economist Shang-Jin Wei said. “At the same time, this new study also shows that reducing emissions and stabilizing the climate will produce benefits and avoid losses for Southeast Asia, which in the long run sharply outweigh the costs of action.”
An ADB brief which summarizes these findings, “Southeast Asia and the Economics of Global Climate Stabilization”, was released during the “COP21” conference on climate change in Paris.
The study looks at the economic impact of climate change across a range of scenarios, including business-as-usual, and another which sees countries taking steps to limit their GHG emissions to keep temperatures from rising more than 2 degrees Celsius above the pre-industrial era level.
The global analysis focuses on the region’s five largest economies–Indonesia, Malaysia, the Philippines, Thailand and Vietnam–which account for 90% of Asean emissions.

Short URL : http://goo.gl/nrf9OU
  1. http://goo.gl/iIAhMt
  • http://goo.gl/0eQiDr
  • http://goo.gl/nSJfkA
  • http://goo.gl/Hzu4ah
  • http://goo.gl/o7vmZh

You can also read ...

Both, Russia and China, have intensified efforts in recent years to settle bilateral trade not in US dollars, but in rubles and yuan. Gold is considered important by both countries.
The issue of when a global reserve currency begins or ends is...
Norway’s Sovereign Wealth Fund  Hits $1 Trillion
The Norwegian sovereign wealth fund, the largest in the world...
Janet Yellen
As the Fed starts unwinding the stimulus it provided to snap...
The IMF could write off its debt and lighten Greece’s burden.
“Beware of Greeks bearing gifts,” wrote the ancient Roman poet...
Multinational digital firms, mostly based in the US, have pushed for globally harmonized rules that would provide predictability and limit the space for national governments to intervene in digital flows.
The increasing digitization of the global economy is changing...
Kazakh Economy Grows by 4.3%
The economic growth in Kazakhstan was at 4.3% since the...
Ukraine Raises $3b in First Bond issue
Ukraine has raised $3 billion in its first sovereign bond...
Hungary CB Rate on Hold
The Monetary Council of the National Bank of Hungary, or MNB,...

Trending

Googleplus