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27 September 2017

Climate Risks Grow For Emerging Asia If U.S. Exits Paris Accord

by Dan Steinbock, Difference Group

If America does withdraw from the Paris climate agreement, emerging Asia will pay the highest price.

As I left Manila recently, tropical storm Isang passed the Batanes area in northern Philippines. When I flew to Guangzhou, the low-pressure area morphed into a tropical depression southeast to Taiwan and then into a typhoon in the South China Sea. On August 23, Hato’s eye was directly over Hong Kong as rapid intensification turned it into a category 3-equivalent typhoon. Days later, Hato had left behind 26 people killed, and damages amounting to $1.9 billion in mainland China.

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