The rising threat of climate-related
hazards is already being witnessed with
increasing severity and frequency of
disasters occurring in South Asia.
According to the World Bank, between
1990 and 2019, climate-induced disasters
in South Asia affected 1.68 billion people,
killed approximately 267,000 and caused
over US$127 billion in economic losses.
The region’s endeavor to achieve
sustainable growth and reduce poverty
is often hampered due to the impacts of
climate change on people’s livelihoods,
food security and health. A World Bank
study has warned that, without climate
change adaptation, 800 million (or 44
percent) people in South Asia will be living
in moderate or severe climate hotspots
by 2050 which will push millions of people
below the poverty line.
The negative effects of extreme weather
and climate events also undermine
productivity in key economic sectors
such as agriculture, transport, energy,
and manufacturing, with limited adaptive
capacity in these countries causing
further constraints on their development
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