ADB issues warning on potential GDP loss
Southeast Asia needs to accelerate decarbonisation of its global value chains (GVCs) as the region could face up to a 30% loss of GDP annually by 2100 due to climate change, according to the Asian Development Bank (ADB).
Speaking at a conference in Bali, ADB deputy director-general Winfried Wicklein said Asean is one of the most vulnerable regions in terms of the impact of climate change.
“In the wake of the pandemic, countries are now facing the massive challenge of combatting climate change while…
