‘The issue of loss and damage being faced by developing countries’

Climate change-induced loss and injury is projected to price South Asia USD 518 billion by 2050, in step with a 2019 study. By 2070, this range might jump to USD 997 billion.

Another study from 2018 calculable that, with three degrees uranologist of warming, India’s gross domestic product (GDP) would fall by a pair of.09% by 2037, and by 5.53% by 2067. South Asia is already facing vast prices from extreme weather events: a study by the organisation Germanwatch graded Asian country seventh among countries most suffering from extreme weather in 2019, noting that huge floods that year caused injury of around USD ten billion, claiming 1,800 lives and displacing around one.8 million individuals.

Every year, Asian country and different countries in South Asia conjointly suffer Brobdingnagian injury from tropical cyclones. whereas more and more subtle weather warnings have drastically reduced the quantity of lives lost, homes and sources of resource ar still done in with every storm. Super cyclone Amphan, that hit Asian country and People’s Republic of Bangladesh in 2020, caused associate degree calculable loss of USD fourteen billion and displaced a pair of.4 million individuals in Asian country and a couple of.5 million in People’s Republic of Bangladesh. Such extreme weather events ar set to become a lot of severe and erratic because the climate warms, creating it tougher for meteorologists to issue timely warnings because the storm develops.