Climate change could cut PHL’s GDP by 18% by 2070

THE PHILIPPINES could potentially lose 18.1% of its gross domestic product (GDP) by 2070 due to climate change under a high emissions scenario, the Asian Development Bank (ADB) said. “In the Philippines, about half of losses come from sea level rise. And then, a larger share than at the regional average would come from natural […]

Climate change could cut PHL’s GDP by 18% by 2070
THE PHILIPPINES could potentially lose 18.1% of its gross domestic product (GDP) by 2070 due to climate change under a high emissions scenario, the Asian Development Bank (ADB) said. “In the Philippines, about half of losses come from sea level rise. And then, a larger share than at the regional average would come from natural […]