Key Points
NEW DELHI: India will bear a higher brunt of climate change than its peers, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said, as it pointed out that the Asia-Pacific region had fallen further behind in financing climate action...
In a report released on Friday, ESCAP noted that losses from climate change due to high emissions could be higher at 35% of the gross domestic product for India compared with 24% of the GDP for developing Asia by 2100, and average losses for Asia-Pacific economies from disaster-related and other natural hazards could double to $1.4 trillion in the worst case scenario during this period...
All stakeholders must commit to accelerate change by transforming their financing priorities, processes and programmes in order to meet the Sustainable Development Goals and climate action ambitions, said Hamza Ali Malik, director of the macroeconomic policy and financing for development division, ESCAP..
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