Featured Trending

Deadly Floods Across Asia — $20 B Losses Show how Climate Crisis Is Hitting Hard

A catastrophic wave of flooding across South and Southeast Asia has killed over 1,300 people and inflicted economic damage estimated at USD 20 billion since late November. The deluge — triggered by a rare convergence of three tropical cyclones with the annual monsoon — submerged homes, destroyed infrastructure, wrecked crops, and crippled livelihoods from Sri Lanka to Indonesia and Thailand. Scientists warn that this is not just a “once-in-a-decade” disaster: rapidly rising emissions, unchecked deforestation and governments prioritizing economic growth over climate resilience have turned extreme weather into a recurring nightmare. The floods expose how deeply corporate greed and weak environmental governance are entangling with the climate crisis — with the poorest communities paying the price. Business Standard+2South China Morning Post+2

Source link: https://www.business-standard.com/amp/world-news/deadly-floods-across-asia-cause-20-bn-losses-show-growing-climate-risks-125120400077_1.html