ADB Projects Massive Coastal Flood Losses for Asian Nations
What happened
The Asian Development Bank released a report projecting that annual coastal flooding damages could reach $172-$199 billion by 2050 and $520-$739 billion by 2100 without adaptation. The report notes that in atoll nations, annual flood damages could exceed half of gross domestic product.
Why it matters
The projections indicate that India, China, and Indonesia may face the largest monetary losses from coastal flooding. Furthermore, about $40-$45 billion in trade value is currently at risk each year from port disruptions across the region.
The Asian Development Bank projects high climate losses for ports across several Southeast Asian nations, including the Philippines, Myanmar, Indonesia, Vietnam, Thailand, Malaysia, and Cambodia.
Who's involved
- Asian Development BankReleased the report detailing coastal flood risks and monetary losses.
- KiribatiCited as an atoll nation facing high welfare losses from coastal flooding.
- IndonesiaNamed as potentially facing the largest monetary losses from coastal flooding.
- ChinaNamed as potentially facing the largest monetary losses from coastal flooding.
- IndiaNamed as potentially facing the largest monetary losses from coastal flooding.
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.
- IndonesiaSpeculative
Could face increased costs related to infrastructure damage from coastal flooding.
- ChinaSpeculative
Might see reduced trade revenue due to port disruptions caused by coastal flooding.
- MyanmarSpeculative
Could face increased costs related to flood exposure and deprivation.
- BangladeshSpeculative
Might see reduced agricultural output due to flood exposure and deprivation.
- IndiaSpeculative
Could face increased costs related to coastal flooding damages.
- Green Climate FundSpeculative
May see increased demand for adaptation funding to address climate risks.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Myanmar's coastal communities face high flood exposure riskMyanmar's coastal communities face high flood exposure and deprivation riskPossible
- What could the ADB's warnings about coastal flooding mean for India?India faces potentially massive monetary losses from coastal flooding by 2100.Possible
- Climate risks may strain Philippines' infrastructure and portsClimate risks may strain Philippines' infrastructure and portsPossible
Keep exploring
The entities involved
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Asian Development Bank
regional development bank
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Kiribati
island sovereign state in the central Pacific Ocean
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Indonesia
island country in Southeast Asia and Oceania