GDP Archives - Disasters News

A new United Nations report has issued a stark warning that climate-related disasters could lead to annual economic losses of at least 6 per cent in one-third of Asia-Pacific nations, threatening to derail economic progress and deepen inequality in the region. The Economic and Social Survey of Asia and the Pacific 2025: Understanding the Macroeconomic Implications of Climate Change, published by the UN Economic and Social Commission for Asia and the Pacific (ESCAP) on April 8, 2025, underlines the region’s acute vulnerability to climate risks and the growing struggle of developing economies to cope with its macroeconomic impacts. Although the Asia-Pacific region accounted for 60 per cent of global economic growth in 2024, the report warns that many of its countries remain ill-prepare...

India could lose 24.7% of its GDP by 2070 due to climate-related disruptions, warned Union Environment Minister Bhupender Yadav at the World Sustainable Summit organized by The Energy and Resources Institute (TERI) on Wednesday. Yadav emphasized that the Global South, led by India, is now driving the global climate agenda. He highlighted India’s efforts in reducing greenhouse gas emissions, stating, “In 2020 alone, India cut emissions by 7.93%.” Despite facing severe climate challenges, India continues to push for sustainable solutions. He urged developed nations to fulfill their financial and technological commitments under the Paris Agreement, stressing the importance of global cooperation in strengthening climate action. He also called for reforms in global governance to ensure eq...

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UN Warns Climate Shocks Could Slash 6% GDP in a Third of Asia-Pacific Countries

India Faces 24.7% GDP Loss by 2070 Due to Climate Change