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Shahab Uddin: Climate change may eat up 2% GDP of Bangladesh by 2050

  • Published at 11:03 pm March 10th, 2019
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File photo of Environment, Forest and Climate Change Minister, Md Shahab Uddin Collected

The minister said this is likely if the international community fails to take effective measures to cope with climate change impacts

Environment, Forest and Climate Change Minister, Md Shahab Uddin, said that Bangladesh may incur a loss of 2% GDP by 2050 if the international community fails to take effective measures to cope with climate change impacts.

He said this responding to a starred question placed by treasury bench lawmaker Nasimul Alam Chowdhury of Comilla-8 in parliament with Speaker Dr Shirin Sharmin Chaudhury in the chair on Sunday.

In his words: “If the international community fails to take effective measures to cope with climate change impacts, the country may incur a loss of  2% of its GDP (gross domestic product) by 2050, and as much as 9.4% of its GDP by 2100.”

Citing study findings of the World Bank and the Asian Development Bank (ADB), Shahab Uddin said the country suffered a loss of US$ 1.67 billion in 2007, which was equivalent to 6 to 8% of its GDP, due to a devastating cyclone induced by global climate change.

He added that a countrywide flood caused a loss of 4.8% of the country’s GDP in 1998.

The environment minister further said that the government has been implementing various programs across the country to cope with the adverse impacts of climate change.