India has suffered a loss of US$11,335 million to the impact of climate change, such as stark weather events, sea level rise or desertification. Vietnam, Indonesia, Philippines, Bangladesh, Myanmar and South Korea have all suffered major financial losses as well due to climate change. Most of these Asian countries which have suffered losses due to climate change are developing nations, with some like Bangladesh and Philippines being particularly vulnerable to the effects of climate change. The total loss of Bangladesh due to climate change effects was US$2283 million, while for Philippines it was US$2761 million. Smaller economies like Nepal, Sri Lanka, Laos and Cambodia have also suffered substantial financial losses owing to Climate change consequences.

Source: The Nation Bangkok November 15, 2017 01:30 UTC