‘Climate change inaction cost to reach P1.4 trillion by 2030’

MANILA, Philippines — The cost of inaction against climate change could reach P1.4 trillion by 2030, or about eight percent of the 2020 gross domestic product, the Department of Environment and Natural Resources said yesterd

She said marginalization and multiple social and physical burdens compound climate risk. “When gender intersects, conflict, ethnicity, age, literacy, poverty, disability and vulnerability to the impacts of extreme weather and other hazards deepens, thus the importance of this particular initiative,” Loyzaga said.

She said there is a need to protect and rehabilitate biodiversity, critical habitats and ecosystems amid climate hazards and the vulnerability of communities.

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