A report related to climate change may cause concern in India. According to a new report by the Asian Development Bank (ADB), India’s GDP may suffer a loss of 24.7 percent by 2070 due to climate change. The report says that if this crisis continues to grow like this, there could be a loss of 16.9 percent of GDP in the Asia-Pacific region. According to the report, its impact in India could be the most profound.
According to the report, rising sea levels and reduced labor productivity will be the most serious damage, with vulnerable and low-income economies being hit hardest. According to the report, if a solution to the climate crisis is not found soon, by 2070, around 30 million people in this region could become vulnerable to coastal flooding. On top of this, coastal properties can suffer trillions of dollars worth of damage.
Masatsugu Asakawa, president of the Asian Development Bank, said climate change has exacerbated devastating impacts in the form of tropical storms, heat waves and floods, increasing economic challenges and human suffering. He said rapid and coordinated climate action is needed to prevent these impacts.
According to the report, by 2070, there may be a loss of 16.9 percent of the Asia-Pacific region’s GDP due to climate change. During this period, there may be a loss of 24.7 percent in India and 30.5 percent in Bangladesh. At the same time, there may be a significant decline in countries such as Vietnam, Indonesia and Pakistan.
According to the report, since 2000, developing countries in Asia have been a major contributor to global greenhouse gas emissions. Emission rates in this region have increased rapidly in the first two decades of the 21st century. The rate which was 29.4 percent in the year 2000 has increased to 45.9 percent in the year 2021, of which China has contributed more than 30 percent.
The report warned that the increasing and unstable rainfall pattern will lead to more landslides and flooding. Especially in the border areas of India and China, landslides may increase by 30 to 70 percent with a global temperature rise of 4.7 degrees Celsius.
The report says that due to floods, there could be an annual loss of $1.3 trillion in capital in the Asia-Pacific region by 2070, affecting more than 11 crore people every year. India had the highest number of people affected and damage costs, with residential losses being the highest.
