Manolo Serapio Jr., Reuters 17 Jun 09;
MANILA (Reuters) - Climate change impacts such as lower crop production will have severe effects on Asia and a broader climate pact being negotiated this year is crucial to minimizing the effects, a U.N. official said on Wednesday.
Developed nations are under intense pressure to agree to deep 2020 cuts in greenhouse gas emissions to try to seal an agreement at the end of this year that will replace the Kyoto Protocol.
"Climate change impacts will be overwhelmingly severe for Asia," Eric Hall, spokesman for the United Nations Climate Change Secretariat, told a forum at the Asian Development Bank in Manila.
"They will exacerbate existing vulnerabilities and they have the potential to throw countries back into the poverty trap."
Asia's rapidly growing population is already home to more than half of humanity and a large portion of the world's poorest people.
Hall said climate change had started threatening development in the region and could continue to put agricultural production and food security at risk by the 2020s.
"Coastal cities, including Bangkok, Jakarta, Manila and Shanghai will be increasingly vulnerable to sea-level rise, as well as flooding and storm surges due to unpredictable weather patterns," he said.
An ADB study released in April showed that Southeast Asian economies could lose as much as 6.7 percent of combined gross domestic product yearly by 2100, more than twice the global average loss, due to global warming.
Some countries say developed nations are using the global financial crisis as an excuse to cut back on their emissions reduction commitments.
"But the money spent on junk food can reforest the entire equatorial belt," said Rachmat Witoelar, the minister of state for environment in Indonesia.
Other participants at the ADB forum on climate change at its headquarters think nations cannot afford to set aside climate concerns.
"One might say, we can sequence this first, get the financial crisis under control and then turn to other issues regarding climate," said Vinod Thomas from the World Bank.
"But that luxury doesn't exist anymore. The big question in financing would be whether in addition to the funds that we're talking about, all the money that is going into fiscal expansion would have salutary effects on the climate crisis."
Financial and technological resources needed to aid developing countries in adopting climate mitigation measures are estimated to reach $250 billion a year in 2020, according to United Nations.
But it is far from certain if nations will agree on funding mechanisms that will raise and managed such large annual sums.
(Additional reporting by Divya Sharan; Editing by David Fogarty)
