Asia To Get City Loans To Fight Climate Change

Climate change may have turned into a serious global issue but its effects will be more visible on under developed economies

. According to the World Bank, South Asia and Africa might have to witness economic depression of approximately 5% every year. Earths temperature is rising due to global warming and it is being predicted that further warming will result in acute shortage of food and clean drinking water for more than 400 million people. Recently, Surat, a state in India became one of the 10 cities in the Asian Cities Climate Change Resilience Network that will be granted loan from the World Bank to fight the effects of climate change. Rest 9 cities belong to India, Vietnam, Indonesia and Thailand.

Many developed as well as under developed countries across the world have set goals to go green and reduce carbon footprint to bring down the warming rate below the mark of two degrees. Climate change experts are of view that adoption of mitigation measures to curb global warming effects is a better option as compared to adaptation to warmer climate. There will be a 1% drop in the global economic output due to the rising greenhouse gas emission which is creating havoc on the environment.

Thanks to the popularity of green events, public understanding on climate change has witnessed a major surge in the last few years. However, it will take time before this awareness translates into action from all parts of the world. According to the latest climate change news, the main agenda to be discussed during the International Climate Change Summit in Copenhagen this year will be the shift in carbon reduction that is playing out with the poor people in the world. Whether or not any significant decisions are made in the summit, the issue will remain the same why should poor nations suffer shortage of food, water and healthy environment due to slow action from developed nations to combat climate change? The present need is to encourage financial help from rich nations so that developing countries are also able to support the cause of curbing global warming.

by: Kevin long

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