Climate change is a critical challenge that Southeast Asia must confront as the region seeks to expand its economy, McKinsey Global Institute said in a report.
Southeast Asia could potentially face more severe consequences of climate change than other parts of the world, according to the business and economic research arm of consulting firm McKinsey.
Climate change is a critical challenge that Southeast Asia must confront as the region seeks to expand its economy and remain a key engine of growth for the world,Asia as a region faces hazards including flooding, drought, severe typhoons as well as conditions of rising heat and humidity. In addition to the impact on Southeast Asia, the research also outlines the potential impact of extreme weather on countries like Bangladesh,"We estimate that by 2050, between 500 million and 700 million people in Frontier Asia could live in regions that have an annual probability of a lethal heat wave of about 20 percent," said the report.
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