Climate Change, Decarbonization, Sustainability, and Green Economy
Climate Change, Decarbonization, Sustainability, and Green Economy: A Call for Action for Deposit Insurers
The United Nations have estimated a total daily loss of more than US$200 million due to natural disasters. Meanwhile, ADB and the World Bank note that the impacts of climate change, which include floods, droughts, shifts in rainfall patterns, and rising temperature, can cost a country between 2.5%-7% of the country’s GDP. Accordingly, we simply can not afford to abandon the climate emergency, and it is up to us, to lead the way to protect our Earth to prevent greater climate crisis.