Monday, August 24, 2009

Philippines loses billions to climate change

 
 
            Climate change impacts have been manifested in the Philippines by extreme weather occurrence such as floods, droughts, forest fires, and an increase in tropical cyclones. These extreme weather events associated with climate change, and the disasters these have wrought, have caused losses amounting to billions of pesos. From 1975 to 2002, tropical cyclones have resulted to losses of 4.578 billion pesos due to damage to property, including damage to agriculture worth 3.047 billion pesos. Drought in Southern Mindanao in 1998, the 2nd hottest year on record, incurred crop losses amounting to 828 million pesos. And damages due to four successive tropical cyclones towards the end of 2004 cost the nation an estimated 7,615.98 million pesos.

        ”The impacts of climate change will be most catastrophic to countries who are the least able to cope,” said Greenpeace Southeast Asia Climate and Energy campaigner Abigail Jabines. “The Philippines will lose billions of pesos to climate change. As it is, this is money that we can ill afford to spare.”

       "There are already a lot of losses, lets not wait for another day to do our small contribution to mitigate the effects of climate change here in the Philippines'

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