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APAC economies vulnerable to climate shocks
Business Standard
|April 09, 2025
A new United Nations report warns that climate shocks could lead to annual economic losses (AAL) of at least 6 per cent in one-third of countries in the Asia-Pacific (APAC) region, underscoring the region's significant vulnerability to climate change.
The report, titled Economic and Social Survey of Asia and the Pacific 2025: Understanding the Macroeconomic Implications of Climate Change, published by the UN Economic and Social Commission for Asia and the Pacific (ESCAP) on Tuesday, highlights how developing economies in the region are struggling to manage the macroeconomic repercussions of climate change and the transition
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