Extreme weather is intensifying – is Asia ready?

Quick Summary:

Asia Pacific nations face mounting climate costs as the world crosses the 1.5°C threshold, with extreme weather driving inflation, disaster risks and a US$815 billion annual financing gap for adaptation and resilience.

While La Niña’s short-term cooling effects may slightly offset global warming, WMO warns that long-term warming trends will continue to dominate, exacerbating the severity of extreme weather events.

A study by the AFBA and the Food Industry Asia estimates that each percentage increase in the average annual temperature raises food producer prices by 1 to 2 per cent across Southeast Asia.

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Article Details

Author / Journalist: Rhick Lars Albay

Category: EconomyBusiness

Markets: SingaporeCambodiaChinaIndonesiaMyanmarPhilippinesSwitzerlandThailandVietnam

Topics: Typhoon Air pollution Financing Livelihoods International cooperation COP29 Floods Paris Agreement UNDP Investment Decarbonisation Resilience Energy transition Oceans Insurance Governance Food security Climate Research Climate finance Heatwaves Climate justice Sustainable development Sustainable finance Renewable energy Reporting Extreme weather Fossil fuels SDGs Sea-level rise UNEP Inequality Global Stocktake Natural disasters Global warming Disaster relief Climate science World Economic Forum Mitigation UN Agriculture Infrastructure Adaptation Climate risk COP

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 03:40:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1355 words

Reading Time: 8 minutes read

Sentences: 68 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 25562730

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Year Established: 2009

Headquarters: Singapore

News Last Updated: 2 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #100

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