In the past year, Asia and the Pacific has faced intensifying climate pressures, from extreme heat in Bangladesh and India to devastating fl
Beneath the surface, increasing temperatures, shifting rainfall and rising sea levels are quietly eroding fiscal space, distorting prices of goods and services and weakening long-term economic resilience. Climate risks, both sudden and slow, are also reshaping the region’s macroeconomic landscape.
The latest ESCAP Economic and Social Survey of Asia and the Pacific explores how this evolving threat is affecting jobs, inflation, public finance and long-term economic resilience.
Climate change is causing sustained increases in global temperatures, and the impacts—including extreme heat, severe storms and greater floo
Climate change is causing sustained increases in global temperatures, and the impacts—including extreme heat, severe storms and greater flooding—are undermining even the world’s best places to do business.
EIU’s latest analysis uses our business environment rankings to introduce the concept of the ‘climate risk gap’, exploring how climate change may disproportionately affect countries with strong business environments. While countries with poorer business environments tend to be more vulnerable to climate change, often for geographical reasons, there are some outliers that face significantly higher climate risks than those of peer economies with similar business environments.
“Some countries, such as Singapore and Denmark, perform highly in our business environment index, but are low-lying, storm-prone or otherwise uniquely vulnerable to climate impacts.” – Prianthi Roy, Europe senior analyst and country forecast manager, EIU
