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

AI Summary

The Asian Development Bank warns that climate-related damage to Philippine ports could cost as much as US$70.2 billion annually by 2100, the highest projected loss in Southeast Asia. Analysts say port disruption could harm supply chains, raise food prices, and threaten livelihoods, calling for coordinated flood protection.

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...