ADB Projects $172B-$199B in Coastal Damages for Cambodia by 2050
What happened
The Asian Development Bank released a report projecting that coastal provinces in Cambodia face severe economic threats from rising sea levels, erosion, and coastal flooding. The report estimates that damages across 30 regional economies could reach $172 billion to $199 billion by 2050.
From icsf.net
Why it matters
The projected climate crises could severely impact Cambodia’s coastal development, specifically affecting the fisheries, foreign trade, and tourism sectors. The ADB stated that increased international funding is required to mitigate economic damages to coastal ports and fisheries.
From icsf.net
Who's involved
- Asian Development BankReleased the report detailing climate risks and projected economic damages.
- CambodiaThe country whose coastal provinces face severe economic threats.
- Ministry of Economy and FinanceProvides coastal master plan data to the government of Cambodia.
- Kampot ProvinceOne of the coastal provinces named as facing severe economic threats.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CambodiaSpeculative
The country might see reduced revenue in the fisheries, foreign trade, and tourism sectors due to climate damage.
- Ministry of TourismSpeculative
The tourism sector might face reduced demand due to coastal damage.
- Kampot ProvinceSpeculative
The province could face increased costs related to erosion and coastal flooding.
- Ministry of Economy and FinanceSpeculative
The Ministry of Economy and Finance might need to manage national response and secure funding against projected climate damages.
Keep exploring
The entities involved
-
Asian Development Bank
regional development bank
-
Cambodia
country in Southeast Asia
-
Ministry of Economy and Finance
government organization in Bamako, Mali