Climate change is No longer a shock. It’s reshaping Asia’s economic future

Climate change is No longer a shock. It’s reshaping Asia’s economic future

In the past year, Asia and the Pacific has faced intensifying climate pressures, from extreme heat in Bangladesh and India to devastating floods in northern Thailand and rising food insecurity across the Pacific. But these are just the most visible signs. 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 …