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Opinion / #disaster relief
Despite accurate forecasts, weak cyclones in South Asia triggered deadly floods – highlighting how warmer oceans are amplifying rainfall and reshaping cyclone risks in a warming climate.
Current macroeconomic frameworks rightly treat climate shocks as threats to fiscal stability, but do not recognise the economic benefits of investing in measures that mitigate their effects.
It is imperative that adaptation measures are implemented now to safeguard against future extreme climate events.
Climate change is clearly affecting the Philippines. Whether it can transform a long-held national attribute into successful climate adaptation will determine what the future holds.
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