Climate Change Costs A Lot
Sönke Kreft, climate policy advisor at Germanwatch, said: “Developing countries top the list of 10 countries identified as the most vulnerable to climate risks – the findings underline the need to provide funds for near-term finance in the next three years – 2010 to 2012 – [when the first phase of the Kyoto Protocol expires].” Small, medium-sized and large climate events causing damage, injury or loss of life have all been occurring more frequently, but Bangladesh, Myanmar and Vietnam are among the nations most vulnerable to extreme climate events, costing them millions of dollars every year, according to the index. The 10 countries most affected by extreme climate events fall into two groups: those that rank high because of exceptional catastrophes, such as Myanmar; and countries continuously hit by extreme events, such as Bangladesh and the Philippines. The losses resulting from climate events could be much higher. The study did not factor the “affected people,” because the impact of slow-onset disasters, such as droughts which affected predominantly African countries, could not be verified. “That is the weakness in our study,” Kreft commented.
