DEVELOPING Asia faces a potential 17-percent loss in its collective gross domestic product (GDP) by 2070 if high emissions persist, the Asian Development Bank (ADB) said on Thursday, underscoring the urgency for stronger and more ambitious climate action.
DEVELOPING Asia faces a potential 17-percent loss in its collective gross domestic product by 2070 if high emissions persist, the Asia n Development Bank said on Thursday, underscoring the urgency for stronger and more ambitious climate action.While mitigation efforts have gained momentum, they remain insufficient to meet global targets, the ADB said in its inaugural climate report.
Rapid production, rising energy demand and increased domestic consumption fuelled the emissions rise over the past two decades, the ADB said, with China accounting for two-thirds of the increase.South Asia and Southeast Asia contributed 19.3 percent and 15.4 percent, respectively.The energy sector is the region's largest emitter, responsible for 77.6 percent of total emissions, driven by a heavy reliance on fossil fuels.
Warns Of Threat To Developing Asia Growth
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