POLICY BRIEF

The Economics of Climate Change in Southeast Asia

Typhoon Haiyan (Yolanda) Damage and Rehabilitation - Many houses were wiped out by several container vans that was pushed by the typhoon from a nearby port. Photo credit: Ariel Javellana/ADB.
Typhoon Haiyan (Yolanda) Damage and Rehabilitation - Many houses were wiped out by several container vans that was pushed by the typhoon from a nearby port. Photo credit: Ariel Javellana/ADB.

To avoid large economic losses from climate change, Southeast Asia can lead the way in global climate action by shifting towards a low-carbon economy.

Introduction

Rapid economic growth in Southeast Asia in recent years has successfully lifted hundreds of millions out of poverty. However, the development pattern followed in the region has not been environmentally sustainable. Its CO2 emissions have risen by close to 5% annually over the last two decades, making Southeast Asia a fast-growing emitter of GHG driving climate change.

If current trends persist, the region faces an intensification of climate change impacts, including increased river flooding, coastal inundation and sea-level rise, water stress, and more frequent and intense cyclones and storms, according to an Asian Development Bank study. Changes to temperature and rainfall could cause a decline in farm output, labor productivity, and human health; increased energy and other resource demand; and a deterioration of coastal ecosystems and biodiversity.


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Meet the expert

  • David Raitzer   
    Economist, Economic Research and Regional Cooperation Department, ADB

    David Raitzer is an economist in the ADB Economic Research and Regional Cooperation Department. His 14 years of experience analyzing environmental, natural resources, and agricultural issues includes work with the International Rice Research Institute, the Center for International Forestry Research, the Food and Agriculture Organization of the UN and bilateral donors.

   Climate change, Economics
   Last updated: October 2016

 




Disclaimer

The views expressed in these articles are those of the authors and do not necessarily reflect the views of the Asian Development Bank, its management, its Board of Directors, or its members.




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