ADB: Philippine port climate damage could hit $70B annually by 2100

The ADB projects the Philippines will face the highest climate-driven port damage costs in Southeast Asia, with annual losses reaching $70.2 billion by 2100. The report highlights risks to supply chains and food prices, urging a coordinated flood-protection approach rather than piecemeal infrastructure upgrades. The projection is a long-term estimate, with uncertainty over actual climate trajectories and adaptation measures.

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