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World Bank: Climate change cost Philippines $18.6 B

2014-05-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Philippine Star: Economic damage and other losses amounted to at least $18.6 billion or P799 billion, while around 10,000 people who were killed due to Typhoons Yolanda, Ondoy, Pepeng and Sendong, according to the World Bank (WB). Climate change is one of the greatest threats to economic growth, not to mentions lives, Rachel Kyte, WB vice president, said in a press briefing yesterday. Kyte represented the WB at the recently concluded World Economic Forum (WEF), which was attended by representatives of various...

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