Absolutely – according to the Asian Development Bank (ADB), the Philippines is one of the 4 Asian country most likely to experience “catastrophic” damage due to climate change. The ADB analyzed monetary losses due to environmental disastors in the area, and determined that the Philippines was in great danger of suffering financially from climate change because of its densely populated coastal areas, heavy reliance on agriculture, and vulnerable “adaptive ability” with regards to its economy.
The forecast for the Philippines looks dim – in its region, it is considered the most vulnerable country to floods and storms. In 2000-2008, the nation was hit by over 100 storms which is expected to increase with time and increased precipitation due to climate change. By 2020, estimates say the country will experience a 75% decrease in rice production.
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