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Storm clouds ahead for businesses that ignore climate risks

2013-07-06 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

South China Morning Post: The World Bank's latest "Turn Down the Heat" report unfolds like a summer horror film. Bangkok is 40 per cent submerged. Philippine fishermen struggle to achieve half their normal catch, while Vietnamese rice farms are flooded with salt water. Coastal Asia's favourite tourist spots are ravaged by storms, its cities are seared by heat and its citizens compete for a shrinking food supply. The main culprit? Climate change. In response, World Bank president Jim Yong Kim vowed to conduct his core business...

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