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Climate change to slash south Asian GDP

2014-08-19 08:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Financial Times: South Asian economies will be badly squeezed by climate change within a few decades if no action is taken to reduce the greenhouse gas emissions responsible for global warming, according to a report published on Tuesday by the Asian Development Bank. The report calculates that the six countries studied India, Bangladesh, Nepal, Sri Lanka, Bhutan and the Maldives would on average lose 1.8 per cent of their gross domestic product by 2050 and 8.8 per cent by the end of the century, under a business...

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