Daily Market Updates: Climate damage to Philippine ports could cost US$70b a year by 2100

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Climate damage to Philippine ports could cost US$70b a year by 2100

Reported · Written up by our desk · North America

The Philippines faces the highest climate-driven port damage costs in Southeast Asia, with annual losses projected to hit US$70.2 billion by 2100, the Asian Development Bank (ADB) has warned. Analysts say the damage could cripple supply chains, drive up food prices and threaten livelihoods, urging Manila to adopt a more coordinated approach to flood protection rather than simply strengthening port infrastructure. In its latest report titled “Asia-Pacific Climate Report 2026: Coastal Risks on the...

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SCMP EconomyClimate damage to Philippine ports could cost US$70b a year by 2100

Global Markets

Climate damage to Philippine ports could cost US$70b a year by 2100

More like this

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