More needs to be done to help poorer countries adapt to climate change, build resilience and prepare for more weather-related disasters, according to a new World Bank report released at the global climate change summit here where world leaders try to make progress to deal with the changing climate.
“The climate is changing and cost will go up. The world will need to invest more. We believe that whatever the final decisions taken at the negotiations here on financial support, any investment decided needs to be smartly invested,” World Bank Vice-President for Sustainable Development Rachel Kyte told journalists.
The report on “building resilience: integrating climate and disaster risk development” was released after Super Typhoon Yolanda (international name Haiyan) devastated central Philippines, leaving over 4,000 people dead and still counting, with many injured or missing; and millions homeless.
The report looks at the gradual effect of climate change and disasters from increasingly severe floods, droughts and storms as witnessed in the terrible impact of Haiyan in the Philippines. It had been tagged a category 5 hurricane, and described as one of the strongest ever to hit any part of the world in recent memory. Much of the total destruction was attributed to the storm surges, the extent or danger of which few people, including officials, seemed to understand.
Kyte said that the growing cost and damage from more extreme weather are staggering. Over the last 30 years, the world has lost more than 2.5 million people and almost $4 trillion to natural disasters.
“Economic losses are rising—from $50 billion each year in the 1980s, to just under $200 billion each year in the last decade. Three quarters of those losses are as a result of extreme weather,” Kyte said, adding that climate change is intensifying the severity of extreme weather events such as Typhoon Haiyan.
She said the World Bank is mobilizing $500 million in financing and deploying global disaster experts to support the Philippines’ efforts to recover and build from the devastation caused by the recent typhoon.
“The Philippines need to do more in terms of early warning systems, harnessing and understanding modern technology in data and satellite weather systems, rebuild the Philippine economy in the devastated area, increase food security, reforestation, looking at infrastructure and improve environmental programs,” Kyte told InterAksyon.com.
Kyte acknowledged that while the Philippines is one of the countries mainstreaming its climate-change adaptation and disaster-risk management, the country needs to do more and strengthen its resilience to weather-related disasters.
Disparity worsens ocean pollution
Most of the Thai marine waste is plastics led by plastic debris (12%), Styrofoam boxes (10%), food wrappers (8%), plastic bags (8%), glass bottles (7%), plastic bottles (7%), and straws (5%).
Ocean plastic pollution is threatening humanity and Thailand cannot escape the blame as one of the world’s worst marine polluters. Although the government has pledged to tackle marine pollution, one thing is certain. Success is out of reach if the state authorities fail to engage local communities as equal partners.(more…)
ASEAN takes on Circular Economy as part of priority agenda
The circular ‘reuse-reduce-recycle’ approach promotes a more efficient use of resources, thereby contributing to ASEAN Member States’ commitment to the Paris Agreement on climate change and the achievement of the UN 2030 Agenda for Sustainable Development Goals.
Today, ASEAN Secretariat conducted an online workshop on Circular Economy. The workshop gathered relevant sectoral bodies to discuss the draft Framework for Circular Economy for the ASEAN Economic Community (AEC), which is one of the priority economic deliverables for Brunei Darussalam’s ASEAN Chairmanship this year.(more…)
Subscribe via Email
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...