The Asian Development Bank study focused on Indonesia, the Philippines, Thailand and Vietnam. Those countries are especially vulnerable because they have large coastal populations facing rising sea levels and rely heavily on rice and other agriculture products which could suffer from water shortages as well as floods. Vietnam was found to be the most vulnerable.
"Climate change seriously threatens Southeast Asia's families, food supplies and financial prosperity," said Ursula Schaefer-Preuss, the ADB's vice president for knowledge management and sustainable development. "If Southeast Asian nations delay action on climate change, their economies and people will ultimately suffer."
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The economic cost, according to the report, would be... More>>