Asia needs to increase spending to counter climate change impact--study

Asia needs to spend much more to adapt to climate change and limit its damage, bank study says A study by the Asian Development Bank shows that countries in Asia will suffer worse damage from the climate crisis than other regions and they are not spending enough to limit the damage and adapt to changing weather patterns and natural disasters. AP News

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The report said financing needs in developing Asian countries to cope with climate change range from $102 billion to $431 billion a year. That far exceeds the $34 billion committed to those purposes in 2021-2022, the Manila, Philippines-based regional development bank said.

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