ADB – Economic Costs of Rising Sea Levels in Asia and the Pacific

Teeming with people and economic activity, the coastal areas of Asia and the Pacific are highly vulnerable to storm surges, coastal erosion, flooding, and inundation resulting from sea-level rise and climate change. Here’s a by the numbers look at the economic costs of rising sea levels.

Southeast Asia

Up to 3 millimeters: The rise in sea level per year between 1951 and 2000 according to the 2007 report of the Intergovernmental Panel on Climate Change (IPCC).
Source: ADB publication The Economics of Climate Change in Southeast Asia

More than twice: By 2100, the mean cost of climate change for Indonesia, the Philippines, Thailand, and Viet Nam could be equivalent to losing 6.7% of combined GDP each year, more than twice the global average loss.

Source: ADB publication The Economics of Climate Change in Southeast Asia

$5 billion: The average yearly cost of adaptation measures in the four countries by 2020. The annual benefit in terms of avoided damage from climate change is likely to exceed the annual cost after 2060. Source: ADB publication The Economics of Climate Change in Southeast Asia

Download full report at http://www.adb.org/features/economic-costs-rising-sea-levels-asia-and-pacific

 

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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