WEF Calls for ‘Green Bond’ Push in Asia to Avert Climate Health Risks

The World Economic Forum (WEF) is calling for Asian nations to revamp their investment strategies in response to the impacts of climate change on people’s health. Luis Alvarado, head of the WEF’s Giving to Amplify Earth Action (GAEA) initiative, said Asia is currently experiencing a “health crisis due to climate change,” which in turn, was leading to falling productivity and healthcare costs. He noted estimates that Asian workers endured an average of 25 days each year where high temperatures negatively impacted their health. Swiss Re Institute, a provider and researcher for risk insurance, also estimates that Asia’s GDP could fall by more than 25 percent over the next 25 years if these health risks are not addressed....