Reducing Asia’s climate vulnerability
Feb 10,2021 - Last updated at Feb 10,2021
By Mekala Krishnan and Yuito Yamada
TOKYO Many parts of Asia seem to be emerging from the COVID-19 pandemic relatively well. But overcoming the public-health crisis is only one challenge the region faces. Where climate change is concerned, Asia may be far more vulnerable than other parts of the world.
Building on global research published at the start of 2020, the McKinsey Global Institute (MGI) recently estimated the probable impact of the physical climate risks facing Asia today and over the next three decades. Our analysis involved micro cases that illustrate exposure to climate-change extremes and proximity to physical thresholds, as well as assessments of the potential socioeconomic impact in 16 countries (Australia, Bangladesh, Cambodia, China, India, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, Pakistan, the Philippines, Thailand, Vietnam and South Korea).
Posted on Feb 3, 2021
Sea-level rise is causing increasing danger from tidal flooding and storm surge.
(Photo credit: James Willamor / Flickr)
Florida’s real estate market has remained strong, despite the COVID-19 pandemic. But in coming decades, it could take a hit from climate change.
Many Florida residents live near the shore, and ocean-front property is valuable. But as seas rise, more coastal homes are under threat from tidal flooding and storm surges.
“So as a result of all of this, we could see increased damages to Florida real estate,” says Mekala Krishnan of the McKinsey Global Institute.
Her team analyzed the potential damage to the state’s real estate market if nothing is done to reduce or adapt to climate change.