Why adopting circular economy practices can lead to growth

CLIMATE change, with its alarming predictions, has made headlines over the past year, including this one by the World Health Organization: climate change will lead to an additional 250,000 deaths each year due to heat stress, malnutrition, diarrhoea and malaria between 2030 and 2050.

According to data by Verisk Maplecroft, if unaddressed, climate change could result in a projected 3 per cent loss of regional gross domestic product (GDP) by 2050, more than the 1 to 2 per cent loss estimated of the global GDP.

Two of the top cities that are rated "extreme risk" in terms of highest financial risk to climate change are from SEA: Jakarta in Indonesia (US$223 billion) and Manila in Philippines (US$166 billion).