BT Explains: How to price climate risks and opportunities
By virtue of its geographical location, Singapore's economy is expected to be the hardest hit globally if the earth warms up 3.2 degrees Celsius by mid-century.
This is according to a Swiss Re Institute study, which also projected that the island nation’s gross domestic product (GDP) may shrink up to 46.4 per cent under the scenario, while the world’s biggest polluter, China, is likely to see a 23.5 per cent fall at most.
Among regions, the most exposed is Asean - where a 37.4 per cent fall is estimated, versus a world average of 18.1 per cent. Asean is still less exposed under the more conservative 2-degree scenario.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case