Bangladesh - $11.3b losses due to natural disasters last year

27.10.2021 803 views

Bangladesh suffered an estimated loss of approximately $11.3 billion last year due to natural disasters such as tropical cyclones, floods and droughts, says a new multi-agency report coordinated by the World Meteorological Organization (WMO) of the United Nations.

The report titled "State of the Climate in Asia 2020" released on Tuesday, said, "Extreme weather and climate change impacts across Asia in 2020 caused the loss of life of thousands of people, displaced millions of others and cost hundreds of billions of dollars, while wreaking a heavy toll on infrastructure and ecosystems."

Tropical cyclones, floods and droughts that struck Asia resulted in an average annual loss of several hundred billion dollars, as estimated by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), which the WMO referred to in its report.

Bangladesh placed 9th position among the top ten countries in Asia, who suffered the most due to natural disasters in 2020.

China suffered the highest loss in the region with an approximate annual loss of $238 billion, followed by India at $87 billion, Japan at $83 billion and South Korea at $24 billion.

Russia came fifth on the list with an annual loss of $20 billion, followed by Pakistan ($15.8 billion), Thailand ($12.5 billion), Iran ($12.3 billion), Bangladesh ($11.3 billion) and Vietnam ($10.8 billion).

Last year in May, Cyclone Amphan -- one of the strongest cyclones ever recorded -- caused damages of more than $130 million in Bangladesh, highlighted the report.

A total of 10 million people in 19 districts were affected, and more than 3,30,000 houses were damaged, in addition to, more than 1,76,000 hectares of agricultural land (crops and fish/shrimp farms) and 14,000 livestock were lost.

On the other hand, the Institute for Economics and Peace (IEP) said earlier this month that Bangladesh is among the countries most vulnerable to ecological threats as it ranked 163rd among 178 countries in the Ecological Threat Report 2021.

Meanwhile, the WMO report highlighted that approximately three fourths of mangroves in Asia were located in Bangladesh (24%), Myanmar (19%), India (17%) and Thailand (14%), while mangroves in Bangladesh decreased by 19% from 1992 to 2019.

It also highlighted that Asia had its hottest year on record in 2020, with the mean temperature 1.39°C above the 1981–2010 average.

The land surface temperature, sea-surface temperature and ocean heat content in the region show long-term warming trends larger than the global average.

The report comes days before a UN-led summit on climate change, the twenty-sixth session of the Conference of the Parties (COP26) starts from next Sunday to November 12 in Glasgow city of Scotland.

Source - https://www.tbsnews.net

06.10.2024

Philippines - Over 53 trillion coco farmers get free insurance from PCIC

A total of 53,780 coconut farmers in Central Visayas have secured their livelihoods through free crop insurance under the Philippine Crop Insurance Corporation (PCIC) program this year. This insurance program was valued at P23 million in total premium subsidies, which provides crucial support to farmers without requiring them to pay for coverage.

06.10.2024

India - No crop insurance cover in 7 districts of Haryana for third season in row

There is no Pradhan Mantri Fasal Bima Yojna (PMFBY) cover on cards for the third consecutive crop season in cluster 2 comprising Ambala, Karnal, Sonepat, Hisar, Jind, Mahendragarh and Gurugram districts. The reason: No insurance firm has come forward to implement the scheme in this cluster.

06.10.2024

India - Virudhunagar farmers asked to pay crop insurance premium

Farmers in Virudhunagar district have been asked to pay the premium for crop insurance under the Prime minister Crop Insurance Scheme for the Karif season. The farmers could pay the premium through banks, Primary Agricultural Cooperative Societies or common service centres.

06.10.2024

Philippines - Government support to government agencies drops to P91. Billion in August, National Irrigation Association and Crop Insurance lead recipients

The national government’s subsidies to state-owned and -controlled firms declined by 51.9 percent in August, according to a report released by the Bureau of the Treasury (BTr). The National Irrigation Administration and the Philippine Crop Insurance Corp. were the only billion-peso recipients during the month, receiving P5.6 billion and P1.9 billion, respectively.

06.10.2024

Viet Nam - Agricultural insurance to be promoted

Agricultural insurance rates tend to be high in Vietnam due to the considerable risks posed by payout natural disasters and disease outbreaks. Reports indicate that payout rates can range from 70-90 per cent for significant losses, particularly in areas like rice, shrimp farming, and livestock. In some cases, annual loss ratios have surpassed 100 per cent, and in extreme cases even exceeded 200 per cent.

06.10.2024

Rain-hit crops create triple whammy for French grain farmers

France, the European Union largest grain producer, has experienced particularly wet weather in the past year, including a month of continuous rain in October-November, the wettest spring ever and violent storms last month. The rainy weather and soggy fields delayed sowings and hurt crop development, so much so that the farm ministry estimates France will harvest its worst wheat crop since the 1980s, down 25% from last year.

03.10.2024

Puerto Rico's Agriculture Insurance Program Fails to Address Storm Losses

Despite Puerto Rico agricultural sector having long complained that the Agricultural Insurance Corporation  policies only cover losses from crops damaged by hurricanes and not by storms

03.10.2024

Pakistan - Adamjee Ins introduces crop insurance solution for farmers

Pakistan insurance leader, Adamjee Insurance, unveils a groundbreaking crop insurance solution, Adamjee Zarai Tahafuz. This revolutionary project empowers farmers and strengthens the nation agricultural backbone.

istanbul escort şişli escort tbilisi escort şişli escort şişli escort maslak escort istanbul escort beşiktaş escort taksim escort izmir escort ümraniye escort mecidiyeköy escort şişli escort taksim escort ümraniye escort kartal escort şirinevler escort maltepe escort istanbul escort ümraniye escort kadıköy escort vip escort mersin escort istanbul escorts ataköy escort avcılar escort beylikdüzü escort okmeydanı escort şişli escort tuzla escort işitme cihazı sex shop sex shop sex shop sex shop sex shop sex shop sex shop sex shop