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Climate crunch: India set for 25 per cent GDP wipeout by 2070

Asian Development Bank warns Asia-Pacific faces trillions in climate costs, millions at risk

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The capital city of Delhi enveloped in smog. File pic/PTI

The capital city of Delhi enveloped in smog. File pic/PTI

Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by 2070 across the Asia and Pacific region, with India projected to suffer a 24.7 per cent GDP loss, according to a new report.

Rising sea levels and decreasing labour productivity would drive the most significant losses, with lower-income and fragile economies being hit the hardest, it said. The new research, presented in the inaugural issue of ADB’s “Asia-Pacific Climate Report”, details a series of damaging impacts threatening the region.

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