Countries in Asia will suffer worse damage from the climate crisis than other regions and are falling far behind in spending on improvements to limit the damage and adapt to changing weather patterns and natural disasters, the Asian Development Bank said in a report released Thursday.
The report said financing needs in developing Asian countries to cope with climate change range from $102 billion to $431 billion a year. That far exceeds the $34 billion committed to those purposes in 2021-2022, the Manila, Philippines-based regional development bank said.
