Inaction on emissions could cut developing Asia’s GDP by 17% by 2070, ADB says

Developing Asia faces a potential 17% 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. While mitigation efforts have gained momentum, they remain insufficient to meet global targets, the ADB said in its inaugural climate report. Current climate policies would result in global warming by around 3 degrees Celsius (37.4F) within this century, the ADB said, twice the cap of 1.5C warming agreed by governments nearly a decade ago to prevent a cascade of dangerous consequences.Read More