MANILA, Philippines — The Philippines is ranked third among the four countries in the world most vulnerable to climate change, a recent survey by HSBC showed. The study noted that in India, climate change could cut agricultural incomes, particularly in unirrigated areas that would be hit hardest by rising temperatures and declines in rainfall. The five countries least vulnerable to climate change risk are Finland, Sweden, Norway, Estonia and New Zealand. The Climate Change Commission recently announced the release of about P200 million in grants to four local government units in the country to strengthen their resiliency to the negative impact of climate change. In this year’s rankings, HSBC assessed 67 developed, emerging and frontier markets on vulnerability to the physical impacts of climate change, sensitivity to extreme weather events, exposure to energy transition risks and ability to respond to climate change.

Source: Philippine Star March 20, 2018 15:51 UTC