26 NOVEMBER 2013
MANILA, Philippines --- Economic losses from climate change could reach as much as 10% of Timor-Leste’s annual GDP by 2100, making it one of the worst hit in the Pacific, says a new Asian Development Bank (ADB) study.
“The scenarios presented in this report show that the immense gains Timor-Leste has made in its relatively short period of independence could be undone by an expected spike in temperatures and other negative climate change-linked events in the coming decades,” said Xianbin Yao, Director General of ADB’s Pacific Department. ...
Read more at Islands Business: http://www.islandsbusiness.com/news/phillippines/3783/timor-leste-economy-predicted-to-be-among-the-wors/